Tag: annuity fees

“I think I’m paying around $50 per year.” That’s what I heard from one woman who actually paid a lot more on a variable annuity. A whole lot more. If you haven’t guessed it yet, I’m not a big fan of variable annuities. I’ve seen too many investors who were sold this horrible product – having no clue what it does and why they should even own it. They just know the advisor who sold it to them claimed it was some sort of “guarantee.” What’s worse is the client typically has no idea what they are paying. Don’t believe so? Here’s an actual client scenario which shows just that. The Details For anonymity I