Retirement

Ten Questions to Ask When a Financial Advisor Says: "You Know I'm Not a Big Fan of Annuities"

Many financial advisors seem conditioned to wear...

2012 Long-Term Care Costs

The Center for Retirement Research at Boston College published an article that discusses the comparative costs of long-term care.

The post includes a U.S. map (originally created by Genworth) that shows state by state data on the annual cost of a semi-private room in a nursing facility.

Annual costs range from $45,000 to $273,750 in Alaska.

Data is based on 15,300 U.S. nursing homes.

The median national price for a private room is $222 per day or $81,030 per year.

Glossary: 
Companies: 
Key Phrases: 
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Glossary: 
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Companies: 

Sun America Polaris Retirement Protector

Key Phrases: 
Annuity Product Types: 
Company Offering: 
Surrender Fees: 
8%
7%
6%
5%
4%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1500000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
86 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$50
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
50
Maximum Number of Concurrent Investment Options: 
50
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
8%
Key Phrases:
Key Phrases: 
Annuity Product Types: 

River Source Retirement Advisor Select Plus NY

Key Phrases: 
Annuity Product Types: 
Company Offering: 
Surrender Fees: 
7%
7%
7%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
999999
Minimum Additional Premium Payment: 
50
Maximum Age at Start of Contract: 
90 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$50
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
85
Maximum Number of Concurrent Investment Options: 
85
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
6%
Key Phrases:
Key Phrases: 
Annuity Product Types: 

River Source Retirement Advisor Select Plus

Key Phrases: 
Annuity Product Types: 
Company Offering: 
Surrender Fees: 
7%
7%
7%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
999999
Minimum Additional Premium Payment: 
50
Maximum Age at Start of Contract: 
90 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$50
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
85
Maximum Number of Concurrent Investment Options: 
85
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
6%
Key Phrases:
Key Phrases: 
Annuity Product Types: 

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