Quote:
Originally Posted by phylt
We both have owned Variable Annuities for over 10 years. Have been receiving $$$ from them monthly which is...nice. But, knew that fees were very high.
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hmmm, monthly income taxed at income rate levels versus lower dividend rates?
is your taxable income > 89K?
if your taxable income is not over 89K, never mind. .
monthly income taxed at 22% over 89K
versus ETF dividends taxed at 15% over 89K?
JUST CURIOUS, with high fees and higher taxable income bracket than monthly ETF bond and stock distributions,
what was the rational from your financial planner for annuities?
former finance guy