In many cases having the advantage of tax deferral means you'll be able to save substantially more dollars than with a traditional taxable account.
With Monument Advisor you may be able to create more reliable retirement income streams for clients who: 1.) are approaching or in retirement; 2.) need more accumulation through their retirement years; 3.) seek protection of retirement assets and income generation to meet goals; and/or 4.) require flexibility and control to change investments or make unscheduled withdrawals when life throws a curve ball. More...
While variable annuities with income guarantees have gained popularity as a retirement income tool, this next generation of Investment-Only Variable Annuities (IOVAs) could eliminate those needs. Read this paper to learn how well an unguaranteed low-cost Investment-Only VA can replicate a rider’s guaranteed income, thus eliminating the need to pay fees on riders that frequently exceed 2% or even 3% per year.
The purpose of this paper is to examine a variety of scenarios to determine when a guaranteed VA is worth the cost of the additional protection it provides, and when an unguaranteed low-cost Investment-Only VA may provide greater benefit for the client.