EIA

MYTH: Annuities are a Bad Idea for Almost Everyone!

Leave a Comment / annuities, annuity, EIA, fixed annuities, SPIA

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 […]

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MYTH: Complaints Soar About Equity Indexed Annuities

Leave a Comment / annuities, complaints, EIA, lifetime income, NAIC, recession

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

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