Page 18 - Know-So Money, Hope-So Money, Retirement Secrets Wall Street Doesn't Want You to Know

• You pay no fees or commissions out of your money (unless you

add certain benefits, and then you pay a SMALL fee).
They have excellent liquidity: you can always have access to 10% (or
sometimes more) of your money per year with ZERO surrender

charges. If you need more, some contracts allow you to get up to 100%
of your principal with no penalties to principal; only interest. If you
die, end up in a nursing home or become terminally ill, the whole
amount is always paid out without penalty.

When used properly, they can provide huge tax advantages.

Okay, now back to our point about surrender periods and charges.
Unless surrender charges are buying you something, they are not good.
With a Fixed Index Annuity, the surrender charge is buying you
something. It’s buying complete safety, market like returns without the
risk, no fees, lifetime income without giving up control of your money

and potentially huge tax advantages. None of these things is available
with the VAs, and yet you still have surrender charges, as well as huge
fees. So that’s why we object to them.

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