Posts Tagged ‘ variable annuities ’

Senior Finances 101: Understanding Annuities #4

Oct 12th, 2010 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog

We hope this series on annuities helps you understand them better, and provides an option to consider as you review your investment strategy with your financial advisor. Senior citizens need design their investment strategy carefully to insure adequate retirement income as much as it is possible to do that.

This article addresses variable annuities. This kind of annuity developed as a result of insurance companies wanting to get in the act with mutual funds. As with all annuities, the variable annuity is a contract with an insurance company. Time periods are defined by the contract as well.

What is different with variable annuities is the money you deposit is used to purchase mutual funds. Some