Quote:
Originally Posted by rlcooper70
Huge commissions with fixed annuity. If you want to use the variable annuity as a means to invest in mutual funds, call Fidelity they will lead you through the way to purchase.
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Why would anyone buy a variable annuity to purchase mutual funds……..sorry that makes zero since. Variable annuities come with higher cost, you have M&E, administration, and fund manager fees wrapped in the annuity anywhere from 2-3%. Just go buy the MF. Having an annuity just to have funds is NOT what annuities are design for