Information provided is to
educate the consumer about investment in a variable annuity. The
following articles and reports have been written and provided by third party
resources and is public information.
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What's Wrong With Variable Annuities
Resource, smartmoney.com
VARIABLE ANNUITIES
are sold more aggressively than fake Gucci handbags on the streets of New
York City. Thanks in part to commissions around 5%, sales of variable
annuities have soared over the past decade.
http://www.smartmoney.com/retirement/investing/index.cfm?
story=wrongannuities
Who Should Buy Variable Annuities?
Resource, smartmoney.com
NOW THAT
we've stuffed you with reasons not to buy variable annuities (see story1),
let us give you a few examples of instances where annuities actually make
sense.
http://www.smartmoney.com/retirement/investing/index.cfm?
story=buyannuities
The Worst Retirement Investment You
Can Make
Resource, moneycentral.msn.com;
By Liz Pulliam Weston
High fees,
low flexibility and 'horrendous' tax treatment make variable annuities less
attractive than ever, except to the people who sell them.
http://moneycentral.msn.com/content/Retirementandwills/
InvestYourSavings/P73742.asp
Unwinding a Variable Annuity
Resource, smartmoney.com
... My former financial planner sold me a variable annuity from the Hartford
about 11 years ago. Two years ago the same financial planner suggested I do
a 1035 exchange into a new variable annuity, with supposedly better
features, .... I later realized that he only sold me that to make a 6%
commission.
When my son looked over my investments, he was shocked when he saw how much
I was paying in fees and how much I would have to pay in taxes...
http://www.smartmoney.com/ask/index.cfm?story=20000404
