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Independent analysts' ratings — Rating agencies evaluate the financial strength of insurance companies, including companies that offer annuities. |
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Number of options offered — Because ABP and ACTS are long-term commitments, it is important to have a funding vehicle with access to different kinds of investments. Look for a plan that
offers a well-rounded mix and the service of a professional who can guide you as you choose your own investment strategy. |
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Flexibility in investment options — Can you change where your money is invested after you have made a choice? How often? Are there any restrictions? |
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What are the fees? — What sales charges or administrative fees does the company charge? Are they ever waived? Can you access your money before retirement without a fee? Ask if performance
figures are shown net of fees. |
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Special services — Do you have 24-hour access to your account information? Can you make transfers or other changes via the internet? What kind of reports will you receive? Does the company provide
personal attention and, if so, what kind? |
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Flexibility in pay out options — How can you structure your pay out when you retire? Do you have to take the money a certain way? Or does the company provide options that will suit various
scenarios? |
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One-on-one consultations — Will there be financial professionals available to meet with you at your convenience? Will they assist in tailoring your retirement strategy depending on your
individual situation? |
