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Thanks for the Information. So if the Variable Annuity guarantees my brother 7% but the fees are 2%, does that mean they are only really guaranteeing him 5%? That doesn't sound so great. Is it the chance you might make more? Then my brother should have investigated the fund, the managers etc, but that all changes anyway. I don't know.
The $225,00 my brother used to buy the annuity product was some of his portion of an IRA account that we all inherited a seperate and equal share of from my late Father, so maybe the inherited IRA money part makes a difference? I would like to understand this product better. It is an ING product.
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