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Personal Finance and Investing

Common Sense Party

(14,139 posts)

2. Cost is always a concern.

Reply to LiberalFighter (Original post)

Wed Mar 6, 2013, 06:12 PM

Mar 2013

Looks like this rider may add 1.2% to the cost of whatever annuity it's being added to. That might make it very expensive.

I'm not a big fan of 10 year surrender charges.

And you probably have to annuitize to get the "guaranteed" payout amount. Sometimes annuitization doesn't give you the flexibility you might need--I don't need income this year, I need MORE income next year.

Proceed with caution.

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Anyone know about the Nationwide Linc variable annuity? [View all] LiberalFighter Feb 2013 OP

Sounds like a very common "Step Up" type annuity. (Edited) A HERETIC I AM Feb 2013 #1

Cost is always a concern. Common Sense Party Mar 2013 #2