Variable annuities are popular in times of market turbulence because of extra fringe benefits like “guaranteed income for life” or “withdrawal benefits.” However, these are the three reasons why those fringe benefits don’t always mean variable annuities are a good investment option for you: High Cost – variable annuities are double or triple the cost of a mutual fund, which … Read More
Are annuities good or bad?
Back in the late 90s, we had over $60 million of investments allocated to annuities. Today we don’t put any money in annuities. Here’s why…
Annuity creates surprise tax bill
Someone, most likely an annuity salesperson, may have told you an annuity is a good way to reduce your income taxes. Well, here’s a situation we came across where an annuity created a huge tax bill that came as a big surprise to the family.
The most profitable investment product ever created
In this edition:
Make sure you’re up to date on the most profitable investment product ever created. And why you should avoid it!