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View Poll Results: Should we drop the subject of variable annuities?
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Keep yakking about VAs
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59.26% |
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Drop the subject
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40.74% |
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Table the variable annuity jihad?
11-04-2008, 05:21 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-04-2008, 05:31 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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 Quote:
Originally Posted by brewer12345
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?
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would that then be variable penis enlarger or the annuity penis under discussion ?
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11-04-2008, 05:37 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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)
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11-04-2008, 05:48 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Location: west bloomfield MI
Posts: 2,223
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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.
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11-04-2008, 05:53 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by jIMOh
Create an annuities forum then make sure the posts are all there.
Then add that forum to your ignore list.
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Heh, then we would need other forums: HEIR, "the world is ending and you deserve it," etc. But a good idea...
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-04-2008, 06:39 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by MasterBlaster
would that then be variable penis enlarger or the annuity penis under discussion ?
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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...
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11-04-2008, 07:02 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Let'em talk. Not interested. If no-one responds, thread dead. Easy
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There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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11-04-2008, 08:59 PM
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#8
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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In the immortal words of Loni Anderson from "WKRP Cincinnati":
"I don't like little annuities..."
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-04-2008, 09:58 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: May 2008
Location: No fixed abode
Posts: 8,765
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Quote:
Originally Posted by kumquat
Let'em talk. Not interested. If no-one responds, thread dead. Easy
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Agreed. Just say no(thing).
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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11-04-2008, 10:57 PM
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#10
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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 brewer12345
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?
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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
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11-05-2008, 02:02 AM
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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: Feb 2007
Posts: 5,072
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Quote:
Originally Posted by brewer12345
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?
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 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).
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11-05-2008, 02:57 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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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
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11-05-2008, 06:22 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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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
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11-05-2008, 07:54 AM
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#14
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Some have expressed concern that the poll displayed how you vote. It has been changed to make the votes private.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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11-05-2008, 08:01 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 2,171
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Quote:
Originally Posted by freebird5825
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.
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Maybe send the variable annuity threads to the Soapbox? 
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11-05-2008, 08:13 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Martha
Some have expressed concern that the poll displayed how you vote. It has been changed to make the votes private.
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-05-2008, 08:16 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by nun
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
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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........
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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.........:)
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11-05-2008, 08:19 AM
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#18
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Quote:
Originally Posted by brewer12345
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.
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We are discussing the issue. As a general practice, polls have been private and that is what people are used to.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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11-05-2008, 09:09 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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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
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11-05-2008, 09:15 AM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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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.........:)
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