Why own Variable Annuities?

Why own Variable Annuities?  Frequently you see the word
 “guarantee” associated with Variable Annuities (VA).  
What does that mean? 


The typical VA acts as a tax deferred tax shelter, like an IRA.  
Unlike an IRA, anyone can open any sized (e.g.: $1,000 
or $1 million) Variable Annuity, independent of his or her
income, age or employment status. This is quite attractive
for someone looking to shelter income from taxation, 
particularly for those that cannot achieve their goal with an IRA.


Traditional IRAs can only be established by those under the 
age of 70 ½ and those (or the spouse of those, if married
filing jointly) who receive income or alimony. An IRA has
contributions limits, which limit the tax sheltering benefits.

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