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Variable-Annuity Charges Decline
By JLP | September 17, 2005
There was an interesting article in today’s Wall Street Journal about how the financial services industry is working to lower fees on variable-annuities. This is a step in the right direction. My big problem with annuities is that the brokers get paid more to sell annuities than they do to sell traditional mutual funds. Therefore, there is a motivation to try to convince (often using scare tactics) customers to buy annuities. Of course, clients are unaware of their salesperson’s motivation.
While we are on the topic of variable annuities, Kim Snider at Kimmunications has some pretty good articles on variable annuities.
Topics: Retirement Planning | 1 Comment »
January 18th, 2006 at 7:22 pm
I have recently learned about the following:
USAllianz High Five Variable Annuity
Can you point out any major problems here?
Elmer Johnson