Deferred Annuities
what are main pitfalls in buying a deferred variable annuity?
The main downside is the expense. My company sells annuitiues and charges like 1.3% of the assets each year. That may not sound like much but if you invested $100,000 and were earning 7% per year (before charges) you would have 542,743.26 after 25 years oitside an annuity but if you do that inside the annuity you end up with 399,829.36 after 25 years which is 142,913.90 less. You would have to leave you money invested for more than 5 extra years to catch back up to where you would habve been after 25 years outside an annuity.
Immediate annuity, deferred annuity, immediate annuities
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