Monday, April 27, 2009


Advisers create exit plans for underwater VAs

But strategy to bail can backfire unless every detail is analyzed

The term "bailout" has taken on new meaning for financial advisers as they devise ways to free clients from underperforming variable annuities, but the path to freedom is paved with possible tax complications and worries about account churning.

Advisers cite a range of reasons behind exiting variable annuities. Signs that it is time to bail include a series of deep losses, the desire to take advantage of a large death benefit and the realization that a VA investment that made sense years ago may now be inappropriate for the client, advisers say...

Investment News: Advisers create exit plans for underwater VAs

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