No. of Recommendations: 0
I don't care about the commissions as long as I get the gain each year

You won't get the gain each year... you'll get 3% less than the gain
each year (or if the gain is higher than 15%, you'll only get 15%)

On the other hand, you won't lose money in a down year...

Interesting...

So, are you saying such an investment exists? One that promises you
4% minimum, but 15% maximum per year?

Let's take 1995-2005 as one poster wisely suggested...

Year  S&P 500  Gain using Vanguard index  Gain using Annuity
                  (0.20% expense)            (3% expense)

1995   615 
1996   740             20.1%                     15%
1997   970             30.9%                     15%
1998  1229             26.5%                     15%
1999  1469             19.3%                     15%
2000  1320            -10.3%                      4%
2001  1148            -13.2%                      4%
2002   879            -23.6%                      4%
2003  1111             26.2%                     15%
2004  1211              8.8%                      6%
2005  1256 (today)      3.5%                      4%

$1000 invested in the Vanguard S&P 500 Index fund in 1995
  Worth $2040 today

$1000 invested in the Annuity Index in 1995
  Worth $2495

So in THIS case, the Annuity is actually a better deal... Hard to
believe. However, looking back at the S&P 500 History

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/spearn.htm

you'll see that 10% average everyone touts is really quite chaotic...
If the stock market really returned 10% every year, then high 
commissions would kill you...

But if this annuity offers a floor of 4%, that makes a big 
difference... If I had time I'd break down other ten-year periods. I'd
be interested in seeing how the late 60s and 70s would compare.

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