Variable annuities come with several potential drawbacks that individuals should consider before investing. One of the main concerns is the fees associated with variable annuities, which can be higher compared to other investment options. These fees may include mortality and expense risk charges, administrative fees, underlying fund expenses, and additional optional rider fees. Another drawback is the complexity of variable annuities, which can make them difficult to understand for some investors. The investment options within variable annuities are often tied to the performance of the stock market, which means that there is a level of risk involved. Additionally, variable annuities may have surrender charges if the investor needs to withdraw funds within a certain period after purchase. It's important to carefully consider these potential drawbacks and consult with a financial advisor to determine if a variable annuity aligns with your investment goals and risk tolerance.