Why Variable Annuities Are Bad?

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   That is a great question! The question is really not accurate though, it's like asking why all dogs bite people. Not all dogs do, but the ones that do give them all a bad name. Are variable annuities bad? They most certainly can be, if your risk tolerance is low, or your allocations made unwisely. Just like you would pick a dog that suits your needs and temperament, you should choose an annuity to suit you also. The risk in a variable annuity may not be right for you, but may suit someone else quite well. Please take  the time to discuss what you are looking for with an agent that will listen, and take your concerns to heart. If they pressure you, or appear to be more interested in the sale than what you say, don't buy, and send them packing. Annuities are not something that you can afford to buy without completely understanding what you're buying. I hope that helps, please contact me if you need more information, okay? Thanks for asking!

   Answered on June 26, 2014

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