facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Money Matter$

Insights from the Sommers Financial Management Team

%POST_TITLE% Thumbnail

Annuity-Like Safety with ETF Efficiency

The allure of variable annuities (VAs) capture many unsuspecting adults. With a VA, you get to participate in some of the upside of the investment markets with no downside; the insurance company ‘insures’ against losses. The problem with VAs are the complexity and costs. The typical VA costs 3% annually, and has steep “surrender charges” (15% is not uncommon!). What if you could have much of the upside of the S&P 500, with downside protection, no surrender charges, and daily liquidity—all for 0.8% per year?

Read More