ING GoldenSelect Variable Annuities

#1 03-30-2005, 03:41 PM

Howard Slomer wrote:
- quote -

> I have retired and would like to invest some money which is
> now held in CD's in an investment that will defer taxes and provide a
> better return on investment than CD's.
> I am considering investing in ING's GoldenSelect Variable
> Annuities with the Max 7% Solution Enhanced Death Benefit and
> PrincipalGuard Withdrawal options.
> Does this seem like a reasonable low risk alternative to CD's.
> The information I have seems to indicated that principal and gains are
> protected, taxes are deferred and they should perform better that
> CD's.
> This all seems to be too good to be true. What is the
> downside of this type of investment?
> Howard

NONE

03-30-2005, 01:06 PM

The surrender charge, if you change your mind, that annuity has a 10 year
charge. I own it, and I'm ten years from retirement.

That is why a VA and a senior usually don't mix, the liquidity, if you want
out. If the systematic withdrawal works for you or you can make the time
commitment, it is a good product.

"Howard Slomer" <hslomer[at]comcast.net> wrote in message
news:XpidnRfxSZ3jYdTfRVn-hQ[at]comcast.com...
- quote -

> I have retired and would like to invest some money which is now
> held in CD's in an investment that will defer taxes and provide a better
> return on investment than CD's.
> I am considering investing in ING's GoldenSelect Variable Annuities
> with the Max 7% Solution Enhanced Death Benefit and PrincipalGuard
> Withdrawal options.
> Does this seem like a reasonable low risk alternative to CD's. The
> information I have seems to indicated that principal and gains are
> protected, taxes are deferred and they should perform better that CD's.
> This all seems to be too good to be true. What is the downside of
> this type of investment?
> Howard

#-1 03-30-2005, 10:06 AM

I have retired and would like to invest some money which is now held
in CD's in an investment that will defer taxes and provide a better return
on investment than CD's.

I am considering investing in ING's GoldenSelect Variable Annuities
with the Max 7% Solution Enhanced Death Benefit and PrincipalGuard
Withdrawal options.

Does this seem like a reasonable low risk alternative to CD's.
The information I have seems to indicated that principal and gains are
protected, taxes are deferred and they should perform better that CD's.

This all seems to be too good to be true. What is the downside of
this type of investment?

Howard

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