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re: Opinions on fixed-index annuities...
Posted on 1/17/13 at 12:51 am to BARNEYSTINSON
Posted on 1/17/13 at 12:51 am to BARNEYSTINSON
I was looking at one that guaranteed about 5% and could go higher if the market took off (as the OP described). Then I saw the 2.65% annual fee. I went to mutual funds.
1
Posted on 1/17/13 at 9:47 am to matthew25
That was probably a variable annuity. An indexed annuity will only have fees if a lifetime income living benefit is added. Sounds like you are describing the m&e costs of a VA. An indexed annuity does not actually invest in mutual funds. Also, the 5% you describe is not a guaranty on actual account value; but rather a guarantee of growth on the income benefit regarding the living benefit.
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