No. of Recommendations: 0
Here's another new person to the board.

What's the scoop on variable annuities? My dad passed away, leaving me with a stretch IRA that his financial planner is suggesting I put into a variable annuity. I'm not very knowledgable about annuities but have heard that fees and commissions can be very high. On the other hand, I do definitely want a very conservative investment that will provide for some current income.

Comments, suggestions, and questions to ask the financial planner who is suggesting this?

Many thanks in advance!

RW Rose
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.