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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

982.0. "Fidelity annuities?" by PADC::KOLLING (Karen) Wed Feb 28 1996 16:01

    I'm redistributing my investments, given the recent pension
    changes. I've read the notes in here that I found by searching for
    "annuities".  In the interest of tax-sheltering more savings,
    (I'm already saving to the max in Dec's 401K and in an IRA each
    year), I'm thinking of investing in an annuity run by Fidelity,
    since they seem to avoid some of the major ripoff items found in
    other plans.  Does anyone have an opinion about Fidelity annuities?
    Thanks.

T.R	Title	User	Personal Name	Date	Lines
982.1	Suggest you also look beyond Fidelity	UNXA::ZASLAW		`Fri Mar 01 1996 17:29`	12
	I don't know about Fidelity annuities, but you should be aware that Morningstar, the well known mutual fund rating service, also reviews variable annuities in a separate report. Many libraries have the report, and I think you can order one from them for maybe $15 (800-876-5005). Variable annuities are also available from the Vanguard Group and this group is very low cost in many areas -- I believe they're owned by the fund holders. I think T. Rowe Price, which has some fabulous funds (don't know if the good ones are in the annuity "subaccounts", however) also offers them and I believe they have literature available via their web site. A list of Mutual fund web sites is at http://www.mfmag.com/bingocrd.htm (yes, htm, no "L"). -- Steve
982.2	Tax Efficiency	SLOAN::HOM		`Sat Mar 02 1996 14:14`	11
	In the past, I've looked at both Vanguard and Fidelity annuities. I concluded that the extra expense (~1% for mortality and ~1% for other expenses) was not worth it in my own personal case. Your own situation may be different. If you take look at the Vanguard Index 500, you will find that it is very tax efficient. Of the 37.4% gain in 1995, only ~3% was taxable income. The rest (~34%) is all tax deferred. Gim
982.3		SOAEDS::TRAYSER	Seniority means a bigger shovel!	`Wed Mar 13 1996 01:30`	8
	I just signed up for a Fidelity Annuity -- Growth Fund 'shadow'. All that I looked at seemed good and the process was relatively painless. The phone rep answered all my questions, knew about the other options and programs at Fidelity, could compare and contrast the annuity with IRAs and 401Ks pretty well. No real sales pressure. I already had an annuity, I was just transferring it from another company to Fidelity. $
982.4		2155::michaud	Jeff Michaud - ObjectBroker	`Wed Mar 13 1996 09:50`	7
	> No real sales pressure. I had just the opposite impression. When I inquired about annuities at Fidelity just to get info on them, the mailings and phone calls continued for quite some time. And from what I've read elsewhere, annuties are very profitable for companies to offer, so it's no surprise ....