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65 yo father is considering moving 401K funds into a NY Life Variable Annuity (FP Series). Good or bad idea?
65 yo father is considering moving 401K funds into a NY Life Variable Annuity (FP Series). Good or bad idea? It has an annual death benefit reset rider to protect against market downturns. The fees are a bit steep initially, but go down over time. He has other sources of retirement income (pension, rental properties, etc) and will not need to access these funds anytime soon, if ever. The primary goal here is to secure generational wealth. Any and all f...
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