“Variable Annuities.”

Alan Haft describes a few words on variable annuities. Alan Haft is one of Phil Wassermans partners and is an industry leader when it comes to retirement planning.

Variable annuities are sometimes confused with a fixed annuity with a variable rate but don’t let the similar names confuse you. This is an entirely different annuity with which you can either make a lot of money or lose it.

People invest in variable annuities for several reasons including:

• Potential market gains
• Tax deferred investing
• Guaranteed income
• Living benefits
• Death benefits

A key distinguishing attribute of variable annuities is that when funding it, one is investing their money into something called sub accounts better known to the public as mutual funds.


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