Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (81639)	11/19/2003 4:39:02 AM
From: ToTradeWell	Read Replies (1) \| Respond to of 100058

LD, thanks for the comments. VA is managed by VALIC, 403B. I have a wide choice of funds to choose from if I want to be in the market. No short funds available. (But with variable option invested in funds, I can loose value if market falls) I guess with the fixed option, they do guarantee my principle. But the costs are high. Management fees are stiff. If I take any out before 59 1/2, there is an additional 10% penalty. VA's are also taxed at my normal tax rate when I take $ out, no long term capital gain rate (20%) available like a mutual fund offers. If the company goes under (market falls & they owe more to pensions than they have) I have lost my money. No investor protection insurance here. VAs are not a securities product when the fine print is read.