Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 09-27-2011, 07:41 PM   #161
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
.
Attached Images
File Type: jpg insurance.jpg (45.8 KB, 1 views)
__________________

__________________
I purr therefore I am.
Purron is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-27-2011, 07:51 PM   #162
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,812
Quote:
Originally Posted by Retirement Mechanic View Post
2: Re asking for the prospectus: There is no prospectus with fixed index annuities, the type in question here. There is a statement of disclosure. The disclosure statement is roughly 12 pages in length.
.

Quote:
Originally Posted by Retirement Mechanic View Post
I am very familiar with the Allianz Master Dex product.
Is the disclosure statement available somewhere on line? I found a short description here, https://www.allianzlife.com/products...erDexXHow.aspx
but it's missing the important numbers.
__________________

__________________
Independent is offline  
Old 09-27-2011, 08:05 PM   #163
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by REWahoo View Post
And you'll find similar frustration from many E-R forum members when an annuity salesman authority shows up to "help" the lumpen masses gathered here gain knowledge about the unjustly maligned "investment" known as an annuity.
Well, I am very positively disposed toward annuities, because I just got an invitation for a filet mignon dinner with wine at Ruth's Chris, and it's right downtown so I don't have to drive to Bellevue to enjoy it. Even paid parking!

I plan to ask some real softball questions so I might get invited back if he does it again. This guy must have quite a business because the dinner must cost him $50+ per plate.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline  
Old 09-27-2011, 08:06 PM   #164
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,074
Quote:
Originally Posted by haha View Post
This guy must have quite a business because the dinner must cost him $50+ per plate.
Be sure to ask for seconds and a 'to go" container...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline  
Old 09-27-2011, 08:12 PM   #165
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Quote:
Originally Posted by haha View Post
Well, I am very positively disposed toward annuities, because I just got an invitation for a filet mignon dinner with wine at Ruth's Chris, and it's right downtown so I don't have to drive to Bellevue to enjoy it. Even paid parking!

I plan to ask some real softball questions so I might get invited back if he does it again. This guy must have quite a business because the dinner must cost him $50+ per plate.

Ha
No kidding? Ruth's Chris? There's one in my area and you're right - it's easily $50 per head. Gotta love those sizzling steaks and attentive waiters.
__________________
I purr therefore I am.
Purron is offline  
Old 09-27-2011, 08:13 PM   #166
Thinks s/he gets paid by the post
Finance Dave's Avatar
 
Join Date: Mar 2007
Posts: 1,046
I'm sorry but I can't be convinced. Calling it an 8% return is misleading IMO, if the returns are deferred. If we're allowed to do that, then give me $1M, and 50 years from now I'll give you 10% guaranteed return...how's that?

If I had 2 hours extra time I'd run a complete NPV analysis on this with DCF model, and show that return to be substantially less than the 8% mentioned.
__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline  
Old 09-27-2011, 08:24 PM   #167
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by Retirement Mechanic View Post
Hello there MB. Nope, I'm a local guy. Just trying to set the record straight when it comes to annuities. A great strategy when properly used.

Thanks
Yo, [EDIT] get a life!
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline  
Old 09-27-2011, 08:29 PM   #168
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Quote:
Originally Posted by Retirement Mechanic View Post
There are those who are at the same place as they were 10 years ago, still waiting for their brokers to earn their fees.
What fees? Oh, there are expenses, in my case 12 basis points annually, but that's it. No subaccount fees, surrender charges, mortality and expense risk charge, administrative fees beyond that 12 basis points, or sales load.

And anyone 'at the same place as they were 10 years ago' needs to look at their asset allocation. Putting everything into passbook savings or the S&P 500 is a pretty poor idea.

Hint: Folks here eat Modern Portfolio Theory for breakfast, and some of us pick fights with Gene Fama over CAPM. Quite a few people here can pass the Series 6 and 63 exams with their eyes closed. A number could do well on the Series 7 and 42 exams, and several folks would have no problem with the Series 65/66. We ain't eggzactly fresh off the turnip truck.

Credibility is sort of the currency here. Announcing that you're an Insurance Salesman here to set us right pops you right into the bottom decile.
__________________
M Paquette is offline  
Old 09-27-2011, 08:32 PM   #169
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Quote:
Originally Posted by FinanceDude View Post
He likes me, he really likes me!!
Excellent!
__________________
M Paquette is offline  
Old 09-27-2011, 08:59 PM   #170
Thinks s/he gets paid by the post
Rustward's Avatar
 
Join Date: Apr 2006
Posts: 1,572
Where is Porky when you need him?
__________________
Rustward is offline  
Old 09-27-2011, 09:04 PM   #171
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,137
Quote:
Originally Posted by Rustward View Post
Where is Porky when you need him?
You called?
Attached Images
File Type: jpg 149775.jpg (101.6 KB, 0 views)
__________________
Living an analog life in the Digital Age.
Gumby is offline  
Old 09-27-2011, 09:13 PM   #172
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by M Paquette View Post
What fees? Oh, there are expenses, in my case 12 basis points annually, but that's it. No subaccount fees, surrender charges, mortality and expense risk charge, administrative fees beyond that 12 basis points, or sales load.

And anyone 'at the same place as they were 10 years ago' needs to look at their asset allocation. Putting everything into passbook savings or the S&P 500 is a pretty poor idea.

Hint: Folks here eat Modern Portfolio Theory for breakfast, and some of us pick fights with Gene Fama over CAPM. Quite a few people here can pass the Series 6 and 63 exams with their eyes closed. A number could do well on the Series 7 and 42 exams, and several folks would have no problem with the Series 65/66. We ain't eggzactly fresh off the turnip truck.

Credibility is sort of the currency here. Announcing that you're an Insurance Salesman here to set us right pops you right into the bottom decile.
And many of us have a whole lotta letters after our names, generally much harder to earn letters then Certified Annuity [EDIT] (CAW) and similar.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline  
Old 09-27-2011, 09:14 PM   #173
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by Purron View Post
.
"I nicked the census man."

"Now that's a good boy."
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline  
Old 09-27-2011, 09:27 PM   #174
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,137
__________________

__________________
Living an analog life in the Digital Age.
Gumby is offline  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
New-style annuity offers guaranteed income, access Tiger FIRE and Money 27 01-12-2008 08:23 PM
34.75% Return since 11/04 VS 1.75% Annual Advisor Fees av8r FIRE and Money 42 04-30-2007 09:05 AM
estimated annual return piano88 FIRE and Money 3 01-26-2006 09:55 AM
How to handle church endowment (looking for best guaranteed return) dandan14 FIRE and Money 3 08-22-2005 12:41 PM
Annuity w/guaranteed floor PLUS upside potential Jer FIRE and Money 8 06-07-2004 11:49 AM

 

 
All times are GMT -6. The time now is 01:01 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.