Ready
Thinks s/he gets paid by the post
I can't imagine spending any time on this stuff at all, especially if you are still working!!!!
I can appreciate your perspective here. For me, it always bothered me that I don't really understand how these complex annuity products work. I know that everyone "thinks they are bad", and that sales people tend to puff the products, but the engineer part of my brain wants to know exactly how they work, and how the sales people puff the products to make them look better than they are. Going through this exercise is beginning to give me a greater understanding of the pitch versus the reality.
If at the end of this exercise, I can help another person who is getting pitched similar products to understand what they really are, I will feel like I accomplished something through all of this.
And if someone else is thinking about buying an indexed annuity, and happens to find this thread during an internet search, and the information helps them to make a better informed decision whether to purchase, then I think we will all have contributed to something positive here.