Subject: Re: Re: Re: Re: Re: variable annuities

Comments:
: Let's say that an 80 years old takes systematic withdrawal. Since she has a quaranteed death benefit, she can't lose if she keeps annuity if force until she dies. Let's say she has a conservative asset allocation, but something that will give her a return of around 8% per year. She will have more spendable money, will outpace inflation, and if her account does go down, her bene. will not suffer a loss at her death. : Jaxxx, : : Well, you know as well as I do that everyone is entitled to their own opinion. = ) I'd definitely be interested in listening to your opinion as to why a VA is suitable for a senior citizen. Of course, we should both agree that it's improper to make a judgment one way or another with only knowing such limited information as "are variable annuities a smart investment for an 80-year old." That is precisely why I said "without knowning any further information" and "typically not suitable" in my original response. More or less, I meant that 9 times out of 10. Perhaps this case is the exclusion to the rule, I don't know. Nevertheless, I'd still like to hear your explanation if you have the time to present it. Since I'm a "fool" that hasn't "learned anything since the last time [you] read my post," perhaps you can correct me. : : Thank you : : : Todd: : : : I see you haven't learned anymore since the last time that I read your post. : : : You say no one retired should have a VA?? : : : What a fool! : : : : : : : Without knowning any further information, it's my opinion that an 80 year-old should NEVER buy a VA. In fact, variable products are typically not suitable for people anyone who is retired. Period. : : : : Retirees need stable/fixed income products. However, I will say this...IF the 80 year-old doesn't need the money to live on and this VA would just be an investment to leave the money to his/her heirs, there are MUCH better ways to go about it! If you have someone that's trying to sell you a VA for your 80 year-old spouse, partner, grand parent, etc... you might want to consider contacting the SEC and the State's Dept. of Insurance and reporting that individual for unsuitable sales. : : : : : : : : : Are variable annuities a smart investment for an 80-year-old? What things should she or her heirs be aware of to ask before investing?

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