Reporter's Guide To Fixed Annuities

[brewer12345]

Quote:

Originally Posted by FinanceDude In other words, you like them.......... Well, compared to EIA and VA..........

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.

[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.

[brewer12345]

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.

Pretty much agree.

[FireMe]

From the Kiplinger Forum, Kiplinger.com Community - Annuities :

Quote:

Quote:

GarySpicuzza Banned Join Date: Apr 2007 Location: Clearwater, FL Posts: 100 Off Topic: Quote: BlankenshipFP Resting, assured. Don't get too comfy Blank. The lawsuits that WILL be filed will name you as the Defendant. It doesn't really matter whether YOU are or ARE NOT... 1MO. YOU will have to defend yourself either way or I'll get a default judgment. IMO is nothing more than a matter of discovery. EVERYTIME you log onto any message board your IP address is logged and you had to type in your user name. You are as anonymous on the Internet to about the same extent a person with an unlisted phone number is anonymous. The good news for me is there is probably fours (4) years of litigation just to figure out which Court has jurisdiction. The only FRAUD on this board are the artificial persons who hide behind their Internet personas. If 1MO was a "playa" in the Financial Services Industry it would have no problem indentifying itself. If you actually knew me, or should I say if you or your 1MO actually knew me you would know better than to give me the opportunity legally dish out an attitude adjustment. Butt, 1MO and or Blank are just too Arrogant and Cocky. The ONLY thing that is larger than 1MO's ego is its incompetence. I can't wait to do some video taped depositions. Rest, assured. Keep posting 1MO each and EVERY post is "another" Count.

[FinanceDude]

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.

Bond funds or ladders??

[Rich_by_the_Bay]

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.

[brewer12345]

So we are supposed to treat this marketing effort as a face value discussion?

Not playing, then.

[FireMe]

I think a poster's statements, discussions, and threats concerning similar subject matter on another financial forum are relevant in assessing credibility.

[Rich_by_the_Bay]

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.

I agree.

[GarySpicuzza]

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.

[REWahoo]

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.

[73ss454]

I'm sure they do, how else are they going to make money and rip us off?

[brewer12345]

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

[Art G]

Gary, do you have a Series 7 license?

[REWahoo]

I believe Gary has left the building...

[Art G]

Quote:

Originally Posted by FinanceDude Bond funds or ladders??

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.

[Art G]

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?

[REWahoo]

Quote:

Originally Posted by Art G Perhaps the guy is trying to turn over a new leaf?

Looks to me like he was trying to dig up some new clients...

[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 handshake to help him out or at least keep mum.

[Art G]

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.

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.