Join Early Retirement Today
View Poll Results: Should we drop the subject of variable annuities?
Keep yakking about VAs 48 59.26%
Drop the subject 33 40.74%
Voters: 81. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Table the variable annuity jihad?
Old 11-04-2008, 06:21 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Table the variable annuity jihad?

I know I am tired of hearing about the many virtues of variable annuities, penis enlargers, oxycontin, etc. How about we drop the first subject, at least?
__________________

__________________
"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   Reply With Quote
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 11-04-2008, 06:31 PM   #2
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 4,359
Quote:
Originally Posted by brewer12345 View Post
I know I am tired of hearing about the many virtues of variable annuities, penis enlargers, oxycontin, etc. How about we drop the first subject, at least?
would that then be variable penis enlarger or the annuity penis under discussion ?
__________________

__________________
MasterBlaster is offline   Reply With Quote
Old 11-04-2008, 06:37 PM   #3
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
I don't care if people discuss them, just put it on ignore and that's that.

What bothers me is sales people on the forum trying to justify the fees and commissions associated with them.

I think UncleMick has the answer and we all know what that is. (heh)
__________________
73ss454 is offline   Reply With Quote
Old 11-04-2008, 06:48 PM   #4
Thinks s/he gets paid by the post
jIMOh's Avatar
 
Join Date: Apr 2007
Location: Milford, OH
Posts: 2,085
Create an annuities forum then make sure the posts are all there.

Then add that forum to your ignore list.
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.
jIMOh is offline   Reply With Quote
Old 11-04-2008, 06:53 PM   #5
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 jIMOh View Post
Create an annuities forum then make sure the posts are all there.

Then add that forum to your ignore list.
Heh, then we would need other forums: HEIR, "the world is ending and you deserve it," etc. But a good idea...
__________________
"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   Reply With Quote
Old 11-04-2008, 07:39 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by MasterBlaster View Post
would that then be variable penis enlarger or the annuity penis under discussion ?
I think the annuity penis is apropo; you get a little once a month, but the fees will kill you...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 11-04-2008, 08:02 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Let'em talk. Not interested. If no-one responds, thread dead. Easy
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 11-04-2008, 09:59 PM   #8
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by HFWR View Post
I think the annuity penis is apropo; you get a little once a month, but the fees will kill you...
In the immortal words of Loni Anderson from "WKRP Cincinnati":
"I don't like little annuities..."
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 11-04-2008, 10:58 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,421
Quote:
Originally Posted by kumquat View Post
Let'em talk. Not interested. If no-one responds, thread dead. Easy
Agreed. Just say no(thing).
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 11-04-2008, 11:57 PM   #10
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,835
Quote:
Originally Posted by brewer12345 View Post
I know I am tired of hearing about the many virtues of variable annuities, penis enlargers, oxycontin, etc. How about we drop the first subject, at least?
There are VAs and then there are VAs. If you are one of the many people with retirement funds in TIAA-CREF your money is often in a CREF VA. The expenses are in the 0.5% range, so pretty cheap, and there are lots of payout options. So if I were to ask a question about CREF Equity Index VA
I hope someone would answer
__________________
nun is offline   Reply With Quote
Old 11-05-2008, 03:02 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Quote:
Originally Posted by brewer12345 View Post
I know I am tired of hearing about the many virtues of variable annuities, penis enlargers, oxycontin, etc. How about we drop the first subject, at least?
Tell em' Brew!

IMHO - The only advantage was tax deferral (which is no longer an advantage because of other choices for tax deferral and lower cap gains taxes). VA products are a poor choice for investors and savers.

I am not a fan of annuities on the accumulation side of the equation. [insert emoticon that looks like a pile of poop with waves of stink hovering over it]

Annuities on the distribution side (usually some form of fixed product) might be appropriate for some folks (i.e., buy a pension... income stream).
__________________
chinaco is offline   Reply With Quote
Old 11-05-2008, 03:57 AM   #12
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
Variable annuities are sold. I doubt anyone gets up in the morning and says "I'm going to look into buying a VA today." The people that come here asking are trying to counter a salesman after a commission. This place is one of the few places they will get unbiased information on the topic.

I am sick of the trolls.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 11-05-2008, 07:22 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
i second the "create an annuity forum" idea.
visits or avoidance thereof will be the choice of the reader, like the soapbox.
posters need to comply with the separation of the topic.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 11-05-2008, 08:54 AM   #14
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Some have expressed concern that the poll displayed how you vote. It has been changed to make the votes private.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-05-2008, 09:01 AM   #15
Thinks s/he gets paid by the post
kyounge1956's Avatar
 
Join Date: Sep 2008
Posts: 2,171
Quote:
Originally Posted by freebird5825 View Post
i second the "create an annuity forum" idea.
visits or avoidance thereof will be the choice of the reader, like the soapbox.
posters need to comply with the separation of the topic.
Maybe send the variable annuity threads to the Soapbox?
__________________
kyounge1956 is offline   Reply With Quote
Old 11-05-2008, 09:13 AM   #16
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 Martha View Post
Some have expressed concern that the poll displayed how you vote. It has been changed to make the votes private.
A suggestion: turn off the option to make votes public for all polls, not just this one. Otherwise it suggests a certain, um, position on the part of the mods.
__________________
"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   Reply With Quote
Old 11-05-2008, 09:16 AM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by nun View Post
There are VAs and then there are VAs. If you are one of the many people with retirement funds in TIAA-CREF your money is often in a CREF VA. The expenses are in the 0.5% range, so pretty cheap, and there are lots of payout options. So if I were to ask a question about CREF Equity Index VA
I hope someone would answer
I've answered many, many questions about VAs. I also believe that as long as the threads are civil, our First Amendment rights should be allowed, even if most of the folks on here don't like the subject matter. The tool is called "ignore"........

Maybe I missed something, it doesn't seem to me that Art G is soliciting clients on here. I would hate to think that this forum would become so moderated that only "certain discussions" can be had. The bickering and personal attacks are getting tiring, though. I am glad I am no longer a moderator on here........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 11-05-2008, 09:19 AM   #18
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Quote:
Originally Posted by brewer12345 View Post
A suggestion: turn off the option to make votes public for all polls, not just this one. Otherwise it suggests a certain, um, position on the part of the mods.
We are discussing the issue. As a general practice, polls have been private and that is what people are used to.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 11-05-2008, 10:09 AM   #19
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,835
Quote:
Originally Posted by FinanceDude View Post
I've answered many, many questions about VAs. I also believe that as long as the threads are civil, our First Amendment rights should be allowed, even if most of the folks on here don't like the subject matter. The tool is called "ignore"........
I agree. It would be a pity if someone about to buy a VA couldn't ask a question on this forum and get some answers. They might be prevented from making an expensive mistake.

So in that vein can anyone tell me their opinion of TIAA-CREF variable annuities that are offered in retirement plans. As far as I can see they don't seem to suffer from many of the issues with other VAs. They have reasonable fees (0.5%), I can move investments around and change allocations and in the payout phase I can choose options from buying a lifetime annuity to taking systematic payments and keeping my accumulation
__________________
nun is offline   Reply With Quote
Old 11-05-2008, 10:15 AM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
I am the custodian of two of them because my sister left my minor kids as beneficiaries of her 403B account.

The investment performance of TIAA is fine, they have low expenses, and are conservative. However, the fact I had to EDUCATE them on MY rights as a custodian for my sons was quite troubling. There are some real boneheads working in beneficiary services there.......
__________________

__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Reply


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
Rolling over annuity money to Variable Annuity?? bigcedargrandma Hi, I am... 4 03-20-2008 07:39 AM
Where to go with an existing Variable Annuity... mja FIRE and Money 3 11-29-2007 09:23 AM
AIG Polaris variable annuity Corporateburnout FIRE and Money 3 11-08-2006 10:33 AM
Variable Annuity Help 2B Life after FIRE 0 05-13-2006 03:46 PM
variable life annuity-- primerica topnative2 FIRE and Money 7 08-14-2005 09:54 AM

 

 
All times are GMT -6. The time now is 02:36 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.