This is a myth. I don’t use some of them, the expensive ridiculously high commissioned restrictive poorly performing ones. But I agree with the authors of the article below: I neither like nor dislike “annuities” as a class because they are a widely divergent collection of financial tools. Some are indespensible and some are useless. […]
MYTH: I Hate Annuities Read More »
This headline precedes an extremely ignorant article by MarketWatch writer Marc Lichtenfield. Ironically, only the first sentence is close to being true: “You’re betting the insurance company that you’re going to live longer than they think you will”. Yes, of course! But let me dissect this dangerouly stupid article line by line. As if Wall
MYTH: Annuities are a Bad Idea for Almost Everyone! Read More »
This is, of course, another false statement, a blazing myth. In a recent study by the National Association of Insurance Commissioners (the enforcers of insurance regulations), the complaint ratio about fixed indexed annuities (EIAs) was 0.039%. That’s about one-third of a tenth of a percent.* This is because retirees can see the handwriting on the
MYTH: Complaints Soar About Equity Indexed Annuities Read More »
I’ve had the good fortune to meet and work with Frank Maselli. He is a brilliant, affable and hilarious adviser to advisers. Below I’ve simply cut and pasted a great and timely article he just wrote for us advisers. Published on March 8, 2017 LikedUnlikeAnnuities & The F-Word! 25 Comment 6 ShareShare Annuities & The F-Word!
Annuities and the F-WORD Belong in the Same Sentence. Read More »
This post heading is NOT a myth, for once. Think about common risks in your life and the tactics you use to minimize or avoid them. If you’re trying to lose weight then you burn more calories (read: Exercise) and consume fewer or at least better calories (quality proteins, greens, fruits & oils versus sugars,
THE TWO MOST IMPORTANT FINANCIAL TOOLS FOR 2017 Read More »
I don’t think I have to remind you that this post heading is a MYTH. What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims. Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor. (See my Do’s & Don’ts
Annuity Salespeople Are All Honest & Competent Because of Special Licensing Read More »
I don’t think I have to remind you that this post heading is a MYTH. What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims. Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor. (See my Dos & Don’ts
Annuity Salespeople Are All Honest & Competent Because of Special Licensing Read More »
I don’t think I have to remind you that this post heading is a MYTH. What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims. Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor. (See my Dos & Don’ts
Annuity Salespeople Are All Honest & Competent Because of Special Licensing Read More »
The title of this post isn’t a myth. It’s true. You can wait until age 62. It’s just a bad idea. If you are 50, you may still have time to start working on an ideal cash flow plan for your 60’s & 70’s. I know. So much can change over 10, 20 years. And a
You Can Wait Until You Are 62 To Plan How to Take Social Security Benefits Read More »
Barrons magazine regularly publishes their “The Best Annuities” article but without the most important caveat: these products vary wildly state by state, even if they have the same name. Different states allow- or require -varying policy provisions. Oregon is one of the most strict; if bonus, guaranteed rate or other contract provisions appear too generous
The Best Annuities are Always the Best Read More »