If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Sunday, June 16, 2013
The promoters make them sound like the best thing since sliced bread as they tout guaranteed rates and the avoidance of market risks. I even want to call their hot line as I listen to their hype and get one, AND I KNOW WHAT'S WRONG WITH THEM!
But (here's a news flash) everything isn't always what it seems in the world of investing. If you are considering a variable annuity, you'll want to read this excellent short analysis first:
Variable Annuity with a 5.5% Guaranteed Growth Rate? by Mike Piper.
As you read it, keep in mind that the investment advisors on the radio tack on an advisors fee.
If you need an income stream, it is usually best to purchase a single premium immediate pay annuity. Do your research, and understand the protection in the event the insurance company has financial difficulties.