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Top story: Rethinking variable annuities
By Terry Mullen - We've heard all the stories. Variable annuities cost too much. They're not tax efficient. They're too complicated. And while many advisors love them, some won't go near them. But looking back at the last decade, these annuities were one of the best investment products to help clients get through this economy. Advisors who thought the extra basis points spent on bonuses and guarantees were worthwhile have been vindicated. The VA's floor kept investors' retirement savings above water. And many clients who opted for voluntary living benefits got a guaranteed percent—as much as 5% or 6%—on top of that. Add the step-up feature that locks in account gains, and VA policyholders have an easier road to rebuilding their retirement income than…
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