Keep up to date with every new upload!

Join free & follow Mastering Money
Share
  • 2 years ago
Mastering Money 12/20/16 Special Report

Mastering Money 12/20/16 Special Report

Have you heard about the idea of placing structured notes inside of variable annuities?  Many variable annuity marketers are touting this idea as the greatest thing since sliced bread: The idea of placing Structured Notes (debt instruments) inside of variable annuities. The pitch is that you may be limiting losses to the downside to no more than 10% (plus the 4% loss to fees) while getting a share of the market's upside (less the 3% - 4% in fees).  Here's the problem: If the next ten years in the market are flat and your variable annuity charges you 3% to 4% a year in fees, you will pay out 30% to 40% of your money in fees alone. If the market is not strong, the whole exercise could be an expensive way to approach your retirement and watch your principal dwindle.  Why pay that much money in fees?  In this special podcast,  Steve reviews simpler, safer, and less expensive ways to receive more income than a variable annuity while simplifying your financial plan for your spouse.  Then Ste

Comments