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Misunderstanding #2 - "Annuities Have High Fees!"

8/16/2020

 
​Annuity Truth:  At Conservative Retirement Solutions, the only annuities we offer, i.e. "Fixed Annuities," "SPIAs" (Single Premium Immediate Annuities), and "DIAs" (Deferred Income Annuities), have NO mandatory fees.  Period, end of story.

There is ONE type of Fixed Annuity, known as a Fixed Index Annuity, that does have an optional rider available, and there is an annual fee if that rider is added to the Fixed Annuity. 

The annual fee is ~ 1.0% - 1.2% for this optional rider.  Many clients want it and love it, and other clients decide they don't want it...  

And, because it's optional, it can be canceled at any time.  

Then, if the rider is canceled, the Fixed Index Annuity no longer has fees of any type.

==============================================================================================

The confusion comes from the fact that "Variable Annuities" do have mandatory fees that can range from 2.5% per year to 4+% per year, and that's EVERY year.

I think that people hear the word "annuity" and assume all annuities are the same.  

Well, not so much...  

So, let's sum up this "Annuity Truth:"  Many Variable Annuities do tend to have high fees that are mandatory...   

As I mentioned above, we DO NOT OFFER Variable Annuities.

Fixed Annuities, SPIAs and DIAs do not have ANY mandatory fees, and only one type of Fixed Annuity - the Fixed Index Annuity - has an optional fee for a "Guaranteed Lifetime Income Rider."

Questions?  Comments?  Fill out the "Ask Rick A Question" box - your questions come directly to my email Inbox...

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  • Home
  • VIDEOS
    • Retirement Planning >
      • Annuity Explanation
      • Home Equity Transfer
      • Monetary Devaluation
      • Pension Maximization
      • Retirement Income Risk
      • Retirement Insurance
      • Retirement Questions
      • Retirement Savings Risk
      • Retirement Tax Strategy
      • Reverse Mortgage (HECM)
      • Roth Conversion
      • Safe Money Contracts
      • Social Security
      • Tax Free Retirement
      • Taxes, Risk & Fees
    • Fixed Annuities >
      • Annuity Buckets
      • Annuity Exchange
      • Annuity Laddering
      • CD to Annuity
      • FIA Credit Rate Explanation
      • FIA Decision Assurance
      • FIA Hedging Explanation
      • FIA Reset Explanation
      • Guaranteed Income Rider
      • IRA Annuity
      • Income Annuity (SPIA)
      • Indexed Annuity
      • LTC Annuity
      • Longevity Annuity
      • Multi Year Guarantee Annuity (MYGA)
      • QLAC Annuity
      • Split Annuity
      • TSP Annuity
    • Estate Planning >
      • CRT / ART
      • Cash Reserve Asset Class
      • Estate Life Insurance
      • Estate Planning
      • Estate Tax Insurance Trust
      • Estate Taxation
      • Final Expense
      • LTC Life
      • Life Settlement
      • Living Trust
      • Planned Giving
      • RMD Conversion
      • Single Premium Life
      • Special Needs Trust
      • Split Dollar Family Banking
    • Life Insurance >
      • Cash Value Life Insurance
      • Child Savings Bank
      • College Funding
      • Family Life Insurance
      • IUL Credit Rate Explanation
      • IUL Decision Assurance
      • IUL Hedging Explanation
      • IUL Reset Explanation
      • IUL Retirement Plan
      • Index UL
      • Life Insurance Calculation
      • Lifetime Tax Strategy
      • Living Benefits
      • Mortgage Life Insurance
      • Private Equity Banking
      • Term/UL Conversion
      • WL Retirement Plan
      • Whole Life Dividends
  • Create A "Private Pension"
  • The Annuity Truth
  • Blog
  • About
  • Contact