MONEY MAG WARNS ON VARIABLE ANNUITIES
Posted by: Robert Rex
January 23, 2012
Topic: Variable Annuities
In a recent Money Magazine article, investors are warned that not all annuities are created equal and that investors should beware of guarantees that appear too good to be true. Following the 2008 crash, there has been a rush to purchase variable annuities, which essentially is a tax-deferred investment with insurance benefits.
The article warns that commissions are high and lifetime income benefits have been scaled back dramatically as a result of the worldwide economic downturn.
Here is a link to the article:
http://money.cnn.com/2012/01/17/pf/variable_annuities_best_money_moves.moneymag/index.htm?iid=EL
If you have questions about investments in your brokerage account, please give us a call at 561 391 1900 or visit our website at www.dmrslaw.com.
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MONEY MAG WARNS ON VARIABLE ANNUITIES
