Well, it’s been a month since my “Suze on Variable Annuities” post which sparked some heated debate. So much so, that I decided to take a look at a newer product, the Fidelity Growth & Guaranteed Income Annuity and analyze it in a feature article titled “Another Look at Variable Annuities” on my main web page.
I must say, I find the process interesting. I’ve been a ‘spreadsheet guy’ for some time and enjoy playing with the numbers. Please read the article and comment here, if you wish. The Fidelity link above should download a PDF of a brochure for the product I analyzed. If it doesn’t, please advise of the broken link.
Joe
Joe, take a look at the equity indexed annuities. Less Fee’s, some hedge against inflation, and guaranteed income. I always like the equity indexed products better, I feel they are safer, cheaper, and lessen the ability for the owners to make bad decisions like we see with mutual funds!
Any particular one you can point me to? Last one I looked at (I forget which and would like not to mention the wrong company) had a set of rules so complex that even the best scenario (I picked 1980-1999) didn’t beat CDs.
Joe
Joe,
Sun Life Financial has some interesting one’s. A++ rated company. Lifetime income guarantee starting at 5% at age 60 and increasing .1% each additional year. Current participation rate is 65% on a monthly average S & P 500 Index. 8 year surrender charges.
http://www.sunlife-usa.com/sun/sl_24.cfm
Thanks, Dave, I’ll take a look at this soon.
Joe