Do variable annuities really protect investors from a market downturn?

11/25/2013 | Nerd's Eye View blog

Financial blogger Michael Kitces examines variable annuities with a "guaranteed living benefit," which have become popular investment options to protect against a market decline. However, if the market does tank, insurers that provide these products may not have the reserves to cover their guarantees. The best alternative to these products, Kitces writes, may be "to invest more conservatively, and spend more conservatively, and simply stay the course and weather the storm."

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