When is a Tax Deferred Variable Annuity a good strategy?

Me and my spouse are 45 and 47 years old. We both max out our 401(k)s and IRAs. Our 401(k) contributions make us on track for retirement. We have good liquidity. We have $200,000 to invest and our financial advisor is recommending a Tax Deferred Variable Annuity. What is your recommended strategy?

Investing, Annuities
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4 days ago
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As with virtually all answers to these questions, I have to plead "Not enough information".  A correct and useful answer would have to take into account at least the following:

1.  What's your retirement time horizon; at what ages will your salaries end?
2.  What annualized rates of return (ROR) & inflation are you using to determine that you're "on track"?  What evidence do you have that your (or your adviser's) assumptions are reasonable?  What backup plan do you have if you're wrong?
3. Do you have a sequence of returns risk strategy?  This is the risk of a major market correction right after you retire and begin drawing down your savings.
4. The latest research shows that your chances of outliving your money are minimized if you "floor" your basic inflation-adjusted budget and then, if you have investable assets left over you aggressively invest those for the long term.  See retirementresearcher.com
5.  What is your debt picture?  If you have high-interest consumer or mortgage debt it might make more sense to pay that down, or off, instead of investing in today's frothy market.

The variable annuity (VA) might make sense if it's being used to strategically deal with #3 & 4 above.  But I think, as part of a flooring strategy, laddered indexed annuities with income riders would be less expensive and more effective.  However, in the absence of a comprehensive plan, and side-by-side comparison of the best alternatives, it doesn't make sense to just buy a VA.

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