I am using a fin. advisor for my 401 K. ($700,000) He recommended a variable annuity from Jackson called Lifeguard Freedom Flex DB . I honestly don’t understand how it works completely but he painted a picture of big returns and the option for aggressive growth. I have always considered variable annuities a bad investment, but would love to hear an assessment from this group if you have had any experience with this product or something similar. I have a pension that takes care of my cash flow needs and will take SSI at 66. I will not need to touch the funds for at least 10 years. ( I retired Jan 2 2020 at 61)
Also , my wife will work for another 10 years. My initial first reaction was to reject this option but wanted to do my due diligence before I started shooting holes in his plan.
Also , my wife will work for another 10 years. My initial first reaction was to reject this option but wanted to do my due diligence before I started shooting holes in his plan.