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Recorded by: Mike Whitmore
Believe it or not, annuities have been around since Roman times.
Back then, and depending on how many battles individuals survived, they would qualify for pensions or annuities from the Roman government.
In this episode of Your Retirement Solution Podcast, Mike Whitmore explains how variable annuities can be problematic, while also discussing ways to use them as a vehicle to invest in the market through insurance companies.
In this episode, you will learn:
- Layers and layers of fees: The reason why you could lose money with variable annuities
- The role of commissions when it comes to selling variable annuities
- Fee comparison between regular and variable annuities
- What insurance companies offer clients who have variable annuities
- And more!
Tune in and discover why fiduciaries are your best bet when seeking help to understand the ins and outs of variable annuities!
Resources: The Retirement Solution
Related: Positioning Annuities in the Midst of a Volatile Stock Market