Quote:
Originally Posted by california dreamer
The annuties would not be touched til 5 years, and then at that time can withdraw, monthly interest amount, at 5%. we are going back for 2nd consultation.
concerned about fees, so will ask about that. The principal is guaranteed unless we start withdrawing each month more than the 5%, then we would be dipping into principal. will find out the exact type of annuities name so can research. any other questions we should be asking to protect ourselves??
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Sounds like a Fixed Index Annuity with an Income Rider (extra fees) attached. Not a fan.
This type of Annuity is the one that offers the highest commission to the Adviser (aka Salesman), so, naturally, it is the one most often pushed. You might be better served to consult a FEE-
ONLY adviser to start a plan that is in your best interests.