Roger Wohlner

Hello Roger,

My advisor wants me to roll over my 401k from fidelity into the Polaris choice IV using one of the models 1-4 that are custom allocations. I was told they have built in protections.

I asked him the disadvantages of the product and he said the fee ratio is approx 1.10%. Sun America income plus 6% income option and protection feature is the product. Keep it for 12 years I will be 65 and then if the market value is higher I take that and if the market does bad or less than the protected 6% then I could take the guaranteed 6% if that is better. He said guaranteed? It gets confusing I don't mind paying for Financial advice but should I pay for this for 12 years. He said he would add the 131,000 slowly to get the most return DCA? Should I just invest in Mutual funds with lower fees and use a fee based advisor? How much will the 1.10 % be in 12 years. How will it protect me long term.

Why should I buy a Variable Annuity when most experts always say no. Sometimes it's just like saying Hey just don't get a realtor and sell your house on your own. Pull up the forms on line and go for it. It's easy for experts to say to peolpe oh you can do it just invest in ETF's and you will be alright? Experts always dog these products but are they good for certain types of folks or are they just for suckers?

Richard Cobo of FL 9:52PM April 13, 2013