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Vanguard's New Variable Annuity With Guaranteed Lifetime Withdrawal Benefit

Tuesday, April 17, 2012 - 12:14 PM
Allan Roth has long been critical of variable annuities especially from insurance companies. However, he admits in this CBS News article that a new variable annuity from Vanguard may be useful for certain people and for some of their portfolio:
Late last year, Vanguard launched a new variable annuity with a guaranteed lifetime withdrawal benefit. This is the first variable annuity I've ever considered for clients, and to learn more about how the product works I spoke with Vanguard principals John Heywood and Tim Holmes.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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