Quote:
Originally Posted by california dreamer
considering for long term investment. what questions should we be asking our financial adviser re: fees, commissions, etc;
we are no risk tolerance, so makes it hard to invest by the time they take out fees in fixed accounts.
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You REALLY need to educate yourself on annuities. As has been noted, they are not investments, they are a "Risk Transfer" product. A good place to start is the Retirement Mentors website on MarketWatch.
Retirement Mentors
It's a dangerous minefield out there, so be very careful. Be especially wary of anything called a "Hybrid" or "Fixed Index". Sadly, some advisers consider their fiduciary duty to their wallet, rather than your best interests.