When it comes to the credit score union's referral, I am not a proponent of using annuities for individual retirement account cash. (See articles on my site.) A Variable Annuity is necessary a shared fund in an insurance wrapper. The issue is that 'wrapper' adds substantial expenses to the equation. In a lot of variable annuities, the underlying costs will often overall 2.5-3.5% annually-- or greater! Plus you are limited to the selections they give you and have no control over what selections are included or taken away.
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