I was noticing the similiarities of a Roth 401K to a VA. Are these items accurate:
Both are funded with post-tax dollars; earnings are deferred. Both have have 10% tax penalty if withdrawals before five years. A Roth has no mandatory age withdrawal. A VA matures at some future contract date which can be age 90 (or later?). Roth contributions have an AGI limitation and ceiling amount. A VA has no AGI limitation or ceiling amount. A VA has an insurance wrapper overhead of at least 0.25%. It may have early withdrawal penalties beyond the federal one, but some dont. A Roth can be inherited wihout paying immediate taxes. The gains in a VA are taxes when inherited. The insurance part of a VA can be structured for additional benefits such guaranteeing principal, death benefit etc, but that may increase the insurance amount.