Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
You may have read about high-cost variable annuities being sold to investors (particularly those already retired) for whom they are inappropriate. These typically involve commissioned brokers and customers who are likely to need their money soon enough to pay “surrender charges” for withdrawals within 8 years.
