Date: Thu, 12 Oct 2006 10:45:24 -0500
From: BreadWithSpam@fractious.net
Newsgroups: misc.invest.financial-plan
Subject: Re: Variable Annuities
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"DFIGTREE"  writes:

> The first question about variable annuities is BUY or DON'T BUY? I am

The first question is not "buy or don't buy?"  It's "what am I
trying to achieve here?"  Then and only then, comes "does this
instrument help me meet that need or not?"  And after that,
perhaps, "is there some other way to meet that need? and is
this way reasonable and effective (and, maybe without too
many downsides)?"

> 57, married and retired with one child in college as a senior(ita). The
> second question is where should I buy, tax favored accounts (IRA) or
> non-tax favored accounts?  The TV and radio financial jocks tell you

Generally, VAs are used to supplement IRAs when folks have already
maxed out the IRAs and are not recommended (responsibly) for
use inside an IRA.

Before we even look at the costs of the VA you are considering,
it'd help if you told us more about your situation and what
you are trying to accomplish and why you think a VA might 
help you do that.

-- 
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