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Forum: FIRE and Money 08-02-2009, 05:27 PM
Replies: 65
Views: 7,944
Posted By pensionrecovery
When I typed the table in the previous post, it...

When I typed the table in the previous post, it was find in the box I typed in but when submitted, it squashed all the number together. Very hard to read but hopefully you can make it out. The...
Forum: FIRE and Money 08-02-2009, 02:48 PM
Replies: 65
Views: 7,944
Posted By pensionrecovery
An EIA (equity index annuity) is NOT a security....

An EIA (equity index annuity) is NOT a security. It is an insurance product and is
better called a fixed, indexed annuity. Like all fixed annuities, it earns an interest rate
every year. In case of...
Forum: FIRE and Money 08-02-2009, 07:42 AM
Replies: 65
Views: 7,944
Posted By pensionrecovery
Independent, that is a great idea. I will be...

Independent, that is a great idea. I will be happy to give you the details of my favorite EIA so you can understand how it works and what it has done. Your approach is refreshing. Too many people...
Forum: FIRE and Money 07-30-2009, 10:59 AM
Replies: 65
Views: 7,944
Posted By pensionrecovery
REWahoo, no I did not miss your question but I...

REWahoo, no I did not miss your question but I wanted to answewr it correctly. It is not fair to give you an answer based on one or two individuals. I mean I have one agent who has written zero and...
Forum: FIRE and Money 07-30-2009, 08:59 AM
Replies: 65
Views: 7,944
Posted By pensionrecovery
Great post Ziggy. I am glad you picked that time...

Great post Ziggy. I am glad you picked that time frame. If you started one in 1972 you may have gotten creamed for ten years in terms of not keeping up with inflation. But at the end of ten years, at...
Forum: FIRE and Money 07-29-2009, 07:43 PM
Replies: 65
Views: 7,944
Posted By pensionrecovery
Commissions are good on index annuity products....

Commissions are good on index annuity products. But what is very important to understand is that unlike VA's, there are no fees on index annuities. Commissions are paid 100% by on the company and the...
Forum: FIRE and Money 07-29-2009, 07:26 PM
Replies: 65
Views: 7,944
Posted By pensionrecovery
Let's talk about risk for a minute. There is risk...

Let's talk about risk for a minute. There is risk that the insurance company could get in trouble and not be able to meet their obligations. That is highly unlikely and even if it did happen, to my...
Forum: FIRE and Money 07-29-2009, 05:32 PM
Replies: 65
Views: 7,944
Posted By pensionrecovery
Variable Annuties are not cousins to EIA'a. They...

Variable Annuties are not cousins to EIA'a. They are no way like an EIA. In a VA, the owner takes all the risk. In an EIA, the owner takes no risk. Plus, you can still make excellent returns with no...
Forum: FIRE and Money 07-29-2009, 12:19 PM
Replies: 65
Views: 7,944
Posted By pensionrecovery
How many varialble annuity owners do you know...

How many varialble annuity owners do you know that have anywhere near the value they had in 1999? In a variable annuity unlike a fixed annuity, the owner takes all the risk. The sad thing is, you...
Forum: FIRE and Money 07-29-2009, 12:09 PM
Replies: 37
Views: 3,966
Posted By pensionrecovery
Inflation/Deflation is a monetary phenomena. How...

Inflation/Deflation is a monetary phenomena. How can anyone say we should worry about deflation when the money supply growth has been off the charts? It is exponential growth and the result is not...
Forum: FIRE and Money 07-29-2009, 11:47 AM
Replies: 120
Views: 12,956
Posted By pensionrecovery
I learned that most investors: don't have...

I learned that most investors:
don't have a clue and are easily manipulated.
become paralyzed after losses mount.
are subject to the same old thing: greed and fear.
are...
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