NEW YORK ( TheStreet) -- A variable annuity, especially those with living benefit riders, can be a valuable tool in the retirement planning process. However, as with any investment, variable annuities are not suitable all the time, and do have some drawbacks.Today, many variable annuities provide a living benefit. One of the most popular benefits offered is a future guaranteed minimum withdrawal benefit, also referred to as a guaranteed minimum income stream, or guaranteed income for life benefit. And with that benefit comes the first common mistake:
5 Common Mistakes When Buying a Variable Annuity
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