Comments on: Variable Annuities, Part 1 http://www.keyfeeonly.com/variable-annuities-part-1/ Opines on Investing, Financial Planning, Government Policy and the Media. Thu, 12 May 2011 04:35:51 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Roger http://www.keyfeeonly.com/variable-annuities-part-1/comment-page-1/#comment-401 Roger Thu, 11 Dec 2008 00:02:43 +0000 http://www.keyfeeonly.com/?p=1466#comment-401 Frank, You should first determine if a Variable Annuity was the appropriate investment for your friend. I suggest you work with a fee-only financial planner to determine what to do. You can find one in your geographic area at www.garrettplanningnetwork.com or www.napfa.org/ Roger Frank,

You should first determine if a Variable Annuity was the appropriate investment for your friend.

I suggest you work with a fee-only financial planner to determine what to do. You can find one in your geographic area at http://www.garrettplanningnetwork.com or http://www.napfa.org/

Roger

]]> By: Frank Duvall http://www.keyfeeonly.com/variable-annuities-part-1/comment-page-1/#comment-399 Frank Duvall Mon, 08 Dec 2008 21:50:35 +0000 http://www.keyfeeonly.com/?p=1466#comment-399 I have a friend who is 67 yrs old and is very unhappy with the returns on her VA with Merrill. She has lost around 17k in a matter of months. I switched the part that was not performing well (stock funds) to a more conservative bond fund position within the annuity but now she is unhappy with the projected returns and wants to sell it and re-invest in cd's. Is this wise? Are there tax ramifications since she is 67 and only income is social security? Should she start taking monthly withdrawals and how much is not taxable? Thanks for your inputs. I have a friend who is 67 yrs old and is very unhappy with the returns on her VA with Merrill. She has lost around 17k in a matter of months. I switched the part that was not performing well (stock funds) to a more conservative bond fund position within the annuity but now she is unhappy with the projected returns and wants to sell it and re-invest in cd’s. Is this wise? Are there tax ramifications since she is 67 and only income is social security? Should she start taking monthly withdrawals and how much is not taxable? Thanks for your inputs.

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