Chapter 8. Actively managing variable annuity sub-accounts
“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money.” | ||
| --Jonathan Clements | ||
Although annuities are anything but simple, many people buy them because they see them as a simple way of investing in a tax-deferred investment. Variable annuities with their various mutual fund-like sub-accounts permit investors to save for a long-term goal such as retirement in a tax-deferred vehicle that combines the advantages of tax deferral with the advantages of long-term investing in the stock and bond markets.
The return on your investment in a variable annuity is directly tied to the performance of the sub-accounts that make ...
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