January 4, 2007
By seadmin
When it comes to variable annuities (VAs), I have what could be described as a classic love-hate relationship. I love VAs because they are a great tool to help you enhance your retirement nest egg. They offer unlimited contributions — a great benefit for those who receive some type of windfall such as inheritance, a life insurance payout or a big settlement. You also can get the benefits of active portfolio management, plus you can select your own type of income stream payout, such as a lump sum or a monthly distribution.

I hate VAs because, so often, they are used by unscrupulous brokers who charge outrageous commissions to gullible investors who often are unaware of what exactly they are buying. Also, I hate when IRAs are put in a VA, because there simply is no reason for a tax-sheltered investment to be placed inside another tax-sheltered investment. Finally, I hate two popular VA strategies, buying-and-holding your investments without regard to market conditions, and the so-called "index" annuities, which make promises of performance that they may not be able to make.

So, how do you put the love on your side and how do you minimize the hate when it comes to VAs? Well, that’s exactly what I cover in my online seminar, The Secrets to Variable Annuity Success. If you want to find out more about these great retirement investing tools, I encourage you to check out my seminar by clicking here.

I guarantee that after this seminar you’ll be up to speed on the essentials of smart variable annuity investing.

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