Anil Vazirani: What are the Fees and Risks of your Variable Annuity?
Tight restrictions are placed on investment options in Variable Annuities with guaranteed income to reduce their risk. Returns have lagged as a result, frustrating advisers and investors.
Variable annuity sales have been on a steady decline the last several years, with market volatility, growing popularity of indexed annuities and a looming Labor Department regulation being primary contributors. But insurance companies have also shot themselves in the foot by severely limiting investment choice on annuity products bought with income guarantees following the financial crisis. These restrictions — which come via mandated use of managed-volatility funds or conservative asset allocations in VA products — have watered down investment returns and angering consumers. *
Anil Vazirani, Rick Redaelli, and Jon Armstrong of Secured Financial Solutions ask:
What should you do with your Variable Annuity? Get the Variable Annuity Pro’s and Con’s.
Call 1-800-957-5604 x 200 to set up a Complimentary Strategy Session
RETIRE AND STAY RETIRED, SAFE, SMART, AND SECURE!
* See article: http://www.investmentnews.com/article/20160830/FREE/160839998
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