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04-18-2008, 08:14 AM
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#21
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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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Yeah, possibly the least offensive product of the bunch, at least the CD-type ones. The delayed payout ones with long delays are sometimes egregiously sold to the elderly and have humongous surrender penalties. Occasionally this behavior comes to light and an insurance commissioner does something about it, but not too often.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-18-2008, 08:15 AM
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#22
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Just my opinion, but I don't see any advantage to a fixed annuity any more....wait, let me think about it......nope.
I'd rather own muni bonds.
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04-18-2008, 08:19 AM
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#23
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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 Art G
Just my opinion, but I don't see any advantage to a fixed annuity any more....wait, let me think about it......nope.
I'd rather own muni bonds.
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Pretty much agree.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-18-2008, 08:22 AM
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#24
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Confused about dryer sheets
Join Date: Aug 2007
Posts: 5
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04-18-2008, 08:22 AM
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#25
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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 Art G
Just my opinion, but I don't see any advantage to a fixed annuity any more....wait, let me think about it......nope.
I'd rather own muni bonds.
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Bond funds or ladders??
__________________
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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04-18-2008, 08:26 AM
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#26
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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I encourage all to familiarize themselves with our community rules in advance. These include:
- Do not engage in personal attacks. Challenge others' points of view and opinions, but do so respectfully and thoughtfully. Excessive sarcasm, extreme belligerence, insults, profanity, extreme anger, offensive comments about race, gender, sexual orientation, religion, and national origin, are not acceptable.
- Do not post libelous remarks or directly misleading information.
- Do not post the same discussion more than once or in many forums.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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04-18-2008, 08:29 AM
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#27
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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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So we are supposed to treat this marketing effort as a face value discussion?
Not playing, then.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-18-2008, 08:31 AM
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#28
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Confused about dryer sheets
Join Date: Aug 2007
Posts: 5
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I think a poster's statements, discussions, and threats concerning similar subject matter on another financial forum are relevant in assessing credibility.
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04-18-2008, 08:32 AM
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#29
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Quote:
Originally Posted by FireMe
I think a poster's statements, discussions, and threats concerning similar subject matter on another financial forum are relevant in assessing credibility.
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I agree.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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04-18-2008, 08:37 AM
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#30
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Confused about dryer sheets
Join Date: Apr 2008
Location: Tampa Bay, FL
Posts: 5
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2007 Annuity Sales?
Source Link.
Stock Brokers sell the vast majority of ALL annuities nationwide.
Let have a review:
Quote:
Fixed Annuities Are Not Variable Annuities
A fixed rate annuity pays a stated rate of interest that is no less than the minimum guaranteed rate of interest. A fixed index annuity pays a minimum rate of interest and bases the crediting of excess interest on the movement of an external index. With a fixed index annuity the rate of participation in the index interest crediting for the period is fixed and known; the minimum guaranteed interest rate is fixed and known; the only unknown is how the index will move. Neither fixed rate nor fixed index annuities can lose principal or credited interest if the stock market goes down. And yet reporters always try to segment fixed annuities as variable annuities - let’s look at the differences.
►Variable annuity principal is subject to market risk. Fixed annuity principal is not subject to market risk.
►Variable annuity returns may be lost due to market risk. Fixed annuity credited interest cannot be lost due to market risk.
►Variable annuities have mortality charges and management fees. Fixed annuities do not charge mortality and management fees.
►Variable annuities do not pay minimum interest rates. Fixed annuities do credit minimum guaranteed interest rates.
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04-18-2008, 08:39 AM
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#31
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,508
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FireMe, this Community Rule...
Do not post the same discussion more than once or in many forums.
...refers to posting the same information on multiple forums on the E-R board (Fire and Money, Life after FIRE, etc.).
As Rich says, information from another financial forum other than E-R, can be relevant.
__________________
Numbers is hard
Retired in 2005 at age 58, no pension
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04-18-2008, 08:40 AM
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#32
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,499
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I'm sure they do, how else are they going to make money and rip us off?
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04-18-2008, 08:42 AM
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#33
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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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Just a reminder on how you can DIY an EIA (assuming you think the strategy is a good idea - I am less than wild about it):
http://www.early-retirement.org/foru...eia-34656.html
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-18-2008, 09:13 AM
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#34
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Gary, do you have a Series 7 license?
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04-18-2008, 09:15 AM
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#35
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,508
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I believe Gary has left the building...
__________________
Numbers is hard
Retired in 2005 at age 58, no pension
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04-18-2008, 09:17 AM
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#36
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by FinanceDude
Bond funds or ladders??
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Been burned way too often in bond funds (especially high quality ones). If you've got the time, do laddered zeros. If you don't, but have the money, do a diversified portfolio of munis.
If you have a small sum of money and want monthly income that is non- taxable, muni bond funds may be your only option. However, I'd still avoid closed end funds. Just too volatile for me.
And here's where I lose my buddy Brewer,....VA's now have guaranteed annual step ups that are higher than the fixed annuity rates, with a chance for market growth. Why bother with fixed anymore? All JMO.
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04-18-2008, 09:19 AM
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#37
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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BTW, I don't think it is appropriate to use what someone has said on other boards as a determinant factor. Even criminals get out on parole. Perhaps the guy is trying to turn over a new leaf?
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04-18-2008, 09:21 AM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,508
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Quote:
Originally Posted by Art G
Perhaps the guy is trying to turn over a new leaf?
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Looks to me like he was trying to dig up some new clients...
__________________
Numbers is hard
Retired in 2005 at age 58, no pension
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04-18-2008, 09:24 AM
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#39
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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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Art, your fellow sales-slug was obviously shilling for clients. Even you have to have been able to see that.
Naturally, I assume he gave you the secret handshake to help him out or at least keep mum.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-18-2008, 09:28 AM
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#40
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by brewer12345
Art, your fellow sales-slug was obviously shilling for clients. Even you have to have been able to see that.
Naturally, I assume he gave you the secret handjobshake to help him out or at least keep mum.
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Some day I'd just love to see you do a thread about the secrets to hedge fund investing. I'd bet all would love to know what hedge funds do to create hysteria and havoc in the market. Don't know who you work for, but do know of large funds that manipulate share prices.
Anyway, did it look at all like I was helping the guy or keeping mum? Do you think you should get blackballed from all sites just because you're a jerk? To tell the truth, I can't figure out why you haven't been banned.
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