Saturday, April 08, 2006
Variable annuity's gains can be taxing
Dear Mr. Berko: In July 2002, Momma sold her home and moved in with Aunt Emma so they could share living costs and save money. Momma needed a guaranteed $5,000 for half the costs. So you told Momma to use $84,000 of the $129,000 selling price of her home and put it in an Equitable variable annuity. You said it would guarantee to pay her 6 percent on $84,000 and that it could grow in value...
Malcolm Berko (Sun-Herald): Variable annuity's gains can be taxing
Malcolm Berko (Sun-Herald): Variable annuity's gains can be taxing
Permalink posted by markw @ 3:54 PM 
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