{"id":2880,"date":"2015-12-29T08:00:18","date_gmt":"2015-12-29T13:00:18","guid":{"rendered":"http:\/\/www.incredibleretirement.com\/?p=2880"},"modified":"2015-12-01T23:13:58","modified_gmt":"2015-12-02T04:13:58","slug":"top-three-reasons-to-avoid-variable-annuities","status":"publish","type":"post","link":"https:\/\/brianfricke.com\/top-three-reasons-to-avoid-variable-annuities\/","title":{"rendered":"Top Three Reasons to Avoid Variable Annuities"},"content":{"rendered":"<div class=\"x-resp-embed x-is-video x-is-youtube\"><iframe loading=\"lazy\" width=\"846\" height=\"635\" src=\"https:\/\/www.youtube.com\/embed\/19WxWbeaZDg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p>Variable annuities are popular in times of market turbulence because of extra fringe benefits like \u201cguaranteed income for life\u201d or \u201cwithdrawal benefits.\u201d However, these are the three reasons why those fringe benefits don\u2019t always mean variable annuities are a good investment option for you:<\/p>\n<ol>\n<li><strong>High Cost<\/strong> \u2013 variable annuities are double or triple the cost of a mutual fund, which doesn\u2019t outweigh those extra benefits<\/li>\n<li><strong>Liquidity<\/strong> \u2013 they are subject to high early withdrawal penalties<\/li>\n<li><strong>Less Tax Advantages<\/strong> \u2013 profits are taxed at ordinary income tax rates and there is no stepped-up tax basis for your beneficiaries<\/li>\n<\/ol>\n<p>In this video, Brian will tell you what to do if you already have a variable annuity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Variable annuities are popular in times of market turbulence because of extra fringe benefits like \u201cguaranteed income for life\u201d or \u201cwithdrawal benefits.\u201d However, these are the three reasons why those fringe benefits don\u2019t always mean variable annuities are a good investment option for you: High Cost \u2013 variable annuities are double or triple the cost of a mutual fund, which &#8230; <a href=\"https:\/\/brianfricke.com\/top-three-reasons-to-avoid-variable-annuities\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[34,5],"tags":[71,151,19,27,32],"_links":{"self":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/posts\/2880"}],"collection":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/comments?post=2880"}],"version-history":[{"count":0,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/posts\/2880\/revisions"}],"wp:attachment":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/media?parent=2880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/categories?post=2880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/tags?post=2880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}