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Variable Annuity For Dummies
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In this variable annuity for dummies video I explain what a variable annuity is and how it works. Variable annuities are often sold with income riders however often they don't offer the best rates.
They also tend to have high fees and when you add on these riders it can cause those fees to be much higher. While those fees don't effect your income benefit they do cause your cash value to decrease faster which can lead to you having to annuitize your contract at a younger age and get a smaller income for life.
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**Advisory Services offered through Intirety, LLC a registered investment adviser. Scenic Financial makes content available as a service to its customers and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️
They also tend to have high fees and when you add on these riders it can cause those fees to be much higher. While those fees don't effect your income benefit they do cause your cash value to decrease faster which can lead to you having to annuitize your contract at a younger age and get a smaller income for life.
🙋♀️Need some help? Schedule a meeting here:
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🎯Get TRS 3, PERS 3 & DCP Investment Advice Here:
The Only Place To Receive Ongoing, Personalized Investment Advice, So You Can Confidently Invest In Your TRS 3, PERS 3 & DCP Retirement Plans!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📚Free E-Book Downloads:
7 Money Murdering Mistake Washington Teacher Make:
5 Ways To Avoid Running Out Of Money Without Risking A Dime:
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Free Gift for joining: 10 Tax Myths Most Taxpayer Believe
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Masterclasses:
How Washington Teachers Can Avoid Retirement Tax Traps
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🕸️VISIT OUR WEBSITE:
👨🏫Washington State Employee Financial Blog
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📲CONNECT WITH US ON SOCIAL MEDIA:
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
DISCLAIMER
**Advisory Services offered through Intirety, LLC a registered investment adviser. Scenic Financial makes content available as a service to its customers and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️