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Originally Posted by weiwentg
variable annuities often come with high fees attached, and you can't deduct contributions. the only situation they're appropriate is if you've maxed out your 401k and your IRA contributions.
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I wouldn't recommend a variable annuity for everyone, but if you're high income earners and are looking for a tax shelter, this is it. Their main attraction, of course, is that they can provide you with a stream of income you can't outlive.