Are Variable Annuities A Good Idea

With a variable annuity the money that you put in is invested and your principal could fluctuate depending on the rise and fall of the underlying investments.

Are variable annuities a good idea. Variable annuities are a financial tool designed for a job. Brad Ford September 05 2008 at 0811 PM. While they have many.

Variable Annuities are a good deal for agents and insurers who sell them. A variable annuity can provide a regular income stream for life but when you die the insurance company can keep whats left. On the surface variable annuities look like an attractive way to plan for retirement with tax-deferred growth payouts for life and even a death benefit for your family.

Continue reading -The post Is a Variable Annuity a Good Idea. When saving for retirement its common. So the bottom line is that you shouldnt get an annuity until you know its the right move for you.

But as with most financial questions like this my answer is. For everyone else they are almost always a bad choice. Variable annuities can give you more control than fixed annuities letting you choose how the money in your account is invested -- conservatively or aggressively or somewhere in between.

The inventory of variable annuities is significant and you may want to review the Morning Star reports on any variable annuity you may be considering. Variable annuities can be an important part of your retirement plan. If you withdraw funds before age.

Variable annuities are generally expensive so the value proposition has been called into question by many advisers. These can be quite controversial. The interest on variable annuities by contrast can fluctuate because it is based on the performance of the owners investment portfolio for the annuity.