When To Buy A Variable Annuity? 
That is an excellent question ! Here 's what you need to have to want to purchase a variable annuity . A. -RRB- A lot of money that you are willing to lose . These annuities do not guarantee that your investment choices will perform well enough to make money , nor that you wo n't lose the money that you invested . Be aware that this is a possibility . B. -RRB- A lot of extra money that you want to pay in fees . These annuities have all the regular fees associated with annuities , and extra ones to boot . C. -RRB- A good understanding of the market , and the investment histories of the choices you are offered . Far too often , clients know nothing about the performance history of the options they are given to allocate into , and make unwise choices . If you have all three of these things , then this may be the annuity for you , if not , maybe a different one would be better . Thanks for asking ! 