RAVA 4 Select offered by River Source

Type of Product Variable Annuity
Product NameRAVA 4 Select
Offered byRiver Source
Company Info

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Contract and Purchasing
Minimum Premium Payment10000
Maximum Premium Payment1000000
Minimum Additional Premium Payment50
Maximum Age at Start of Contract90
Ability to Select Asset AllocationYes
Total Number of Investment Options80 [Find annuities with more investment options]
Fixed Account
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit10
Waiver of Withdrawal ChargesAvailable
Guaranteed Death BenefitAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses1.8 [Find annuities with lower fees and expenses]
Maximum Total Fees and Expenses3.48 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"1.3 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"1.3 [Find annuities with lower mortality and expense fees]
Administrative Fee50.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees
Minimum Investment Management Fee0.5 [Find annuities with lower investment management fees]
Maximum Investment Management Fee2.18 [Find annuities with lower investment management fees]
Sales Compensation
Maximum Commissions6 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingRiver Source
Company TypeInsurance Company
Phone Number800-333-3437
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

5/5 from 1 Reviews

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Product Ratings and Reviews

Average: 5 (1 vote)

My financial advisor recommended that after I left an employer of 10+ years, I cash-out my pension (as the company was going bankrupt and their pension was calculated at a mere 3% annual growth) and I invest that money in an Ameriprise Retirement Advisor 4 Select Variable Annuity (aka Riversource RAVA 4 Select).

I purchased this with $20,800 in June 2009 and now in January 2013 it is worth $29,850. Unless I am missing something (am an amateur investor), this is an average annual after-fee return of just under 11%.

I am happy with its results to date and hope it continues for the rest of its 10-year term.

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