I love my readers. How many Variable Annuity [VA] products got mentioned to me as a result of yesterday’s article? Four, out of 2 emails, 3 comments, and one clever guy who figured out my phone number (no, I don’t keep it secret).
- Vanguard’s VA offerings
- Fidelity’s VA offerings
- Symetra’s VA offerings
- Jefferson National’s VA offerings
In my opinion these are some of the better VA options out there. It’s not quite what I proposed in my article, where every major mutual fund would offer T-shares, but they are close.
My main differences with these products is that:
- the expense charges going from taxable to annuity should be smaller.
- there should be more choices, aside from Jefferson National.
- it would be better if the mutual fund companies took the lead in these matters.
As an aside, I pushed for products like this from 1996-2006. By the time I gave up, I concluded that there was no one willing to offer variable annuity products that were truly cost-efficient. Now we have at least four contenders, though I think my product idea would be better still.
But incremental improvement is a good thing. Thanks to those who commented, emailed, and called.
Copyright David Merkel (c) 2007-2014
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