Variable Annuities: Are They Right For You?

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Uploaded by on Jun 20, 2011

I was asked by a member of the Community last week about Variable Annuities. On the surface, these sure do look good, especially the "guaranteed" ones. But is a Variable Annuity right for you? What are the good, the bad, and the ugly of these investments?

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  • Unmanaged index fund ETF's outperform professionally managed funds, they can be sold at any time without penalty, and gains are taxed at the much lower "capital gains" rate. Annuities are terrible investments.

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