David Justin Urbas - Never Say Never To An Investment

Many people think I know of a “great investment” or that I have a favorite that I use over and over again. I have been in the financial services industry now for over 30 years. (Yes, I am old.) I do have certain favorites that I prefer -for myself. My risk tolerance, my tax bracket and my goals are different from yours. That said I keep an open mind when I am working with clients. I I want to find the best investment for them, and I will use anything that I think is appropriate.

Because my clientele is not in the 1%, I am very conscious of fees in each investment. This is one of the reasons why I rarely recommend a variable annuity. I find it hard to get past the high internal fees that are in annuities.

In a casual conversation with a young woman, we chatted about Vanguard funds, and having a good estate plan, and then she popped the question- What do you think of Variable Annuities? I went off in a litany of reasons why I think they are a bad idea. She listened intently and then told me that she was married to a much older man and that he had an annuity and it was giving them both growth possibilities and income, and they liked the tax deferral feature.

More at: http://www.wholeheartedway.com/investment-planning/never-say-investment


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