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Money Fund Yields In Variable Annuities Often Less Than Zero

Wednesday, November 9, 2011 - 6:04 PM
From USA Today
Morningstar, the Chicago investment trackers, counts 1,639 money fund subaccounts in variable annuities, which are tax-deferred retirement vehicles. Of those, 1,615, or 99%, have produced negative returns the past 12 months.

This is due to the additional fees involved with variable annuities and the fact that most money market fund yields have been below 0.10% for the last two years.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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