The Real Truth About Variable Annuities
September 25, 2018 by INN Commentary
Commentary
“One of the most misunderstood investment strategies I’ve come across over the past 25 years is the variable annuity,” writes Investment Adviser Representative Craig Kirsner in a recent column on Kiplinger.com. I agree with that statement. But not for the same reasons.
As a longtime insurance professional and former chief legal counsel for Charles Schwab, I’ve seen annuities bashed for many reasons — occasionally valid, but more often than not because they are just plain misunderstood.
Variable annuities have come a long way. Years ago it wasn’t unusual to see expensive, commission-laden products that sometimes made too-big promises. But that was then, this is now: Today’s variable annuities are leaner, meaner, more liquid, more cost effective and more transparent.
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