Dear Tonster, Yes it does make sense. The fees that Equitable charged over the years was somewhat countered by market gains (although there were a couple of bad years). Thanks again for all your great advice!  Be well and live long! GaryR833755

Dear Tronster, I truly appreciate your diligence. And you are 100% correct. However what I am getting is not a new, fresh out of the box Annuity. My LA is the election of a GMIB (Guaranteed Minimum Income Benefit) in the VA contract. I checked the il...

Thanks again Tonster!I understand what you’re saying about rate of return but let me put a little more flesh on the bones of the LA.Equitable is offering a monthly benefit of $3,735 for as long as I live in return for the remaining $80,000 in the VA....

Dear Tonster, That was very, very helpful! Thank you!! The balance in my VA is about $80,000 now. I give the insurance company that and they have quoted a straight life annuity (no period certain or spousal). I checked Fidelity to see what they would...

In 2006 I converted a 401k via a 72T mechanism that put the proceeds into a variable annuity (VA). I have been drawing a monthly benefit from that account to date. I was recently advised that I have the opportunity to convert the variable annuity to ...