It seem to me the broker is saying that variable annuities and mutal funds are safe and fixed annuities are not. Help
I heard on a new report that variable annuity and mutal funds are safe but I should chek my fixed annuity.?
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muneepenee
February 19, 2010 at 2:35 am
1. Inshuer kumpanee oen the annuity. It is sound as long as kumpanee dont go bankrupt. Even then, probablee safe. Inshuer is regulated & wen kumpanee go broke, states step in & see tu distribute the assets or get nuther kumpanee tu bi it out.
2. As for mutual funds & variabel annuity…yu hav akkount. Legally the munee belong tu yu. But value av akkount kan go up or down based on the “performans” av wot is in theer.
Advisor in Texas
February 19, 2010 at 3:23 am
The only safe guarantee is an annuity. Fixed annuity would not possibly lose money. Variable annuities could lose money in the investment account but are guaranteed in the annuity income account. In most annuities you are guaranteed to have your principle. In mutual funds you pay an upfront load for the most part and if money is lost you have to wait it out to make it up or make moves. Fixed annuities should be fine, depended upon the company insuring the annuity. Only the company can lose the money they had guaranteed you, not the investment.