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At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of ...
Deferred annuities can also be fixed, variable or index. Since they have more time to grow, your monthly payments tend to be higher than immediate annuities. For example, a 60-year-old putting ...
Variable annuities have even higher fees and higher risk, so you’ll want to be extra thoughtful when considering if an annuity is the right investment for you. Here’s an overview of the pros ...
Variable annuities tend to have the highest fees too — a mortality and expense risk charge, the expense ratios of any funds you invest in, administrative fees and any additional fees for special ...
Variable annuities are regulated both by the individual states (as insurance products) and by the Securities and Exchange Commission (as securities under the federal securities laws). The SEC requires that all of the charges under variable annuities be described in great detail in the prospectus that is offered to each variable annuity customer.
A variable annuity lets you choose how to invest the money you put into the account. These investments typically involve mutual funds, and the rate of return depends on the performance of the funds.