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An annuity with a income rider....I'm sold....NOT
02-27-2015, 08:45 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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An annuity with a income rider....I'm sold....NOT
No wonder the annuity industry has a bad reputation.
"Hybrid" Annuity | J.D. Retirement
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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02-28-2015, 09:15 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Nice suits.
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02-28-2015, 11:08 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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 Quote:
There is an epidemic of Americans retiring today without a pension or
predictable income stream that they can count on.
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epidemic of Americans retiring~"Dr." Bogle can this problem
call 1-800-staythecourse.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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03-01-2015, 09:45 AM
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#4
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Full time employment: Posting here.
Join Date: Aug 2014
Posts: 584
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Did any of you fill out the form for additional information? I admit they sound like perpetual motion salesmen! The sales pitch sounds good but provides no real information. Maybe they make money by reselling the email addresses? I'm curious how they actually claim to deliver better returns than everyone else.
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03-01-2015, 09:53 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Quote:
Originally Posted by ArkTinkerer
Did any of you fill out the form for additional information? I admit they sound like perpetual motion salesmen! The sales pitch sounds good but provides no real information. Maybe they make money by reselling the email addresses? I'm curious how they actually claim to deliver better returns than everyone else.
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It's easy to make claims! But exactly what are they promising. The sales pitch is vague so people full in the gaps with assumptions and end up with something very different from what they expected.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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03-01-2015, 01:02 PM
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#6
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Full time employment: Posting here.
Join Date: Aug 2014
Posts: 584
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Sure, I see the "up to 8%" and "40% better" than competitors. I also acknowledge that they provide NO indication of how they will do this. So I'm asking--did anybody even bother getting the extra information that supposedly tells how they are going to do this?
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03-01-2015, 01:14 PM
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#7
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Recycles dryer sheets
Join Date: Jan 2015
Location: Rural VT
Posts: 307
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It's a "proprietary " program so if they tell us how it works, do they have to kill us? More snake oil.
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03-01-2015, 01:26 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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__________________
And if I claim to be a wise man, it surely means that I don't know.
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03-01-2015, 01:37 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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Quote:
Originally Posted by travelover
Nice suits.
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Where are the customer's yachts?
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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03-01-2015, 05:09 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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They have been heavily advertising on TV around these parts. That "proprietary" always makes me chuckle.
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03-01-2015, 05:14 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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Quote:
Originally Posted by ArkTinkerer
Did any of you fill out the form for additional information? I admit they sound like perpetual motion salesmen! The sales pitch sounds good but provides no real information. Maybe they make money by reselling the email addresses? I'm curious how they actually claim to deliver better returns than everyone else.
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Didn't you hear that they scour the top financial companies that only 1% of people can get  It has to be that....
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An annuity with a income rider....I'm sold....NOT
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03-01-2015, 05:56 PM
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#12
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Recycles dryer sheets
Join Date: Apr 2013
Posts: 252
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An annuity with a income rider....I'm sold....NOT
With 8% guaranteed returns my plan looks pretty sweet! think I should quit my job in the morning and then fill out that form in the afternoon. Hanging around here has we worrying if my 3% plan is too generous! I need to hang around these elite 1% guys, and learn their proprietary methods of higher alpha instead.
Sent from my iPad using Early Retirement Forum
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03-01-2015, 06:58 PM
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#13
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Dryer sheet aficionado
Join Date: Jun 2012
Location: Los Angeles, CA
Posts: 48
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These guaranteed income rates are a total lie. Essentially they are only talking about interest rate -- not return on investment. This vid seems to explain it pretty well...
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03-01-2015, 08:57 PM
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#14
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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There was one they were pushing on the radio. I think that they mentioned at some point that some of the return would include your principal.
__________________
Angels danced on the day that you were born.
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03-01-2015, 09:04 PM
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#15
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Full time employment: Posting here.
Join Date: Dec 2012
Location: Chandler, AZ
Posts: 745
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Great video, Onward!
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