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Investing/Strategies / Retirement Investing
|Subject: Are there alternatives to variable annuities?||Date: 4/21/1998 5:59 PM|
|Author: amablaza||Number: 2968 of 77203|
Does anyone know of an "umbrella" investment vehicle that:
(1) will accept a lump sum contribution all at once;
(2) will accommodate self-directed stock portfolios;
(3) can keep its annual fees and charges to 1.5% or less;
(4) is targetted for accumulating retirement funds; and
(5) will receive tax-deferred treatment on its earnings?
I have ruled out variable annuities due to their high fees. I have also been told that variable annuity monies can only be invested in mutual funds. Is this true?
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