Originally Posted by brewer12345
Actually, most of the products I have seen hung with various guarantees end up at 300+BP annual expense ratio.* Not that intriguing...* :P
I'll agree with that. My retired clients face this dilemna every day. Who doesn't like pensions and SS? It's GUARANTEED streams of income. What about those who DON'T have pensions??
A pension is basically an annuity contract, most are backed by insurance companies or in the worst case scenaio, PBGIC.
We can agree that traditional "risk-free" investments have huge inflation risk in them. I worked at a bank for 3 years...........anyone that thinks CD's are the cat's meow need someone to show them the effects of inflation................