Coronavirus Market Fears and a Variable Annuity: EDU #2015

April 15, 2020

Coronavirus Market Fears and a Variable Annuity: EDU #2015

A listener who purchased a variable annuity with a guaranteed income benefit is worried because his annuity has dropped about $90,000 in value since the stock market corrected over the coronavirus, but still offers a compelling income benefit.  He is unsure if he should keep the annuity or transfer it to Vanguard where he manages his own money.  Jim and Chris dissect his situation and explain to all listeners how these guaranteed income annuities work, and how their fees may conceptually be a “red herring” when viewed from the perspective of what the annuity’s intended purpose is: a guaranteed income source.

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Jim Saulnier, Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of: CO, IA, IN, MA, NY, TN, TX, WI and WY. No offers may be made to or accepted from any resident outside the specific states mentioned. Jim Saulnier, Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning services offered through Jim Saulnier and Associates, LLC., a Registered Investment Advisor. Cambridge and Jim Saulnier & Associates, LLC are not affiliated.