If you are within 5-10 years of retirement and have money in old IRA's that you would like to capture a good portion of the upside of the market, along with having guaranteed minimums to protect your money...then, and maybe then, might a VA be the right solution for you.
If you just have money in mutual funds that you would be putting there, then no, you lose pretty much all flexibility and fees will eat away at your returns.
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