Welcome to the Jill on Money coronavirus market update. We are recording at 146 on

Monday afternoon and stock indexes are up boy a lot three almost 4% for the

Dow this is on the news that we got some positive results on an early stage

vaccine trial for the virus so that's good to hear. I don't know if it's

worthy of a 3% or 4% move but I'll let someone else determine that. This is the

program that is trying to help you through the crisis and

we are really hopeful that people are starting to very much concentrate on what the

next phase of their financial lives look like after. concentrate on email. Ask Jill at Jill on Money.com.

Ask Jill at Jill on Money.

Now, we had a question about an annuity.

This was from Don, who was asking about a certified financial planner who was talking about putting about a quarter of their investments into an annuity and he used the term a fixed index annuity and then he followed up and sent us the brochures that were associated with it and here's the weirdest thing.

So it's an alliance product and alliance is the big German insurance company

great experience with annuities for sure because the annuity product is really a

much more popular in Europe than it is here in the United States.

Alleance also owns PIMCO and so there's a bunch of PIMCO funds in here.

But here's the weirdest thing.

I go through this 16-page PDF file and I can't get a sense of what are the fees.

It's freaking me out.

I said to Mark like, I don't know what that is, maybe I'm a moron, but I don't see what that is maybe I'm a moron but I don't see this so here's what I'm going to ask

very clearly of Don and his advisor the first question I think you go back and you say tell me how much this will cost me each year that I own this product

If it's a spread in between one kind of index and another that's fine but dollars if I put a hundred thousand dollars in here

How much of it is it going to cost me because there are funds inside of here that carry fees and it's not clearly illuminated to me.

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