The Financial Land mine for Pre-Retirees

Suze Orman

I am going to show you how people can save money in a Variable Annuity and have nothing to show for it when you retire.  Variable Annuity is very popular among brokers and insurance companies. But your taxes and risk is higher with a Variable Annuity.  Your broker may not tell you about the fees and taxes. They may not tell you about the risk.

I personally would not put this type of investment inside an IRA. I know a woman who did this and she could not get out of this bad investment for 8 years. With a bad market, she lost money all that time. 

http://www.seniorannuityalert.com/variable-annuities/?pid=1&eid=470?pid=1&elq=bdd743c28e52494fa4bfc85ce93e338c&elqCampaignId=564

Click on the link above.

The video above explains these fees and why you should not put this Variable Annuity in your IRA. Below is what this video covers.

§  Hard facts and evidence that the expenses, fees, costs, and POTENTIAL returns of Variable Annuities (VAs) may make them a poor savings and investment vehicle for retirees

§  What top experts, such as Suze Orman, have to say about VAs

§  Why J.D. Mellberg  Financial don’t sell VAs at their firm

§  Why a VA might not be a good choice for a retiree of today and why you may not receive as much income as you hope to receive with one in this day and age—it is the belief of J.D. Mellberg Financial that they were more suitable in the 80s and 90s but not now. 

Here is what Suze Orman says about Variable Annuities in her own words.