A Gallup poll shows 76% of annuity owners are happy with their purchase.
This only goes to prove that the other 24% woke up.
A Gallup poll shows 76% of annuity owners are happy with their purchase.
A Gallup poll shows 76% of annuity owners are happy with their purchase.
Another survey showed 'nearly seven in 10 Financial Advisors had at least one client request for an annuity in the last 12 months.'
Over 9 in 10 opted to pay the additional fee to have the opportunity for the guaranteed lifetime benefit rider.
I doubt these thank you's leave advisors feeling an empty soul.
Cheers
Robby
I am sure 99% of all dope addicts want more of their substance of choice, too. So what? Your stats simply suggest that there are a lot of unfortunates out there who bought the sales pitch hook, line and sinker and have not figured out they were had yet. Tell us about the litigation surrounding these products and related sales practices, why don't you?
A Gallup poll shows 76% of annuity owners are happy with their purchase.
Although their average age is 70, the average age at which owners purchased their first annuity was 52.
I am sure 99% of all dope addicts want more of their substance of choice, too. So what?
Your stats simply suggest that there are a lot of unfortunates out there who bought the sales pitch hook, line and sinker and have not figured out they were had yet. Tell us about the litigation surrounding these products and related sales practices, why don't you?
Thank you Audrey for posting this paper. Explains a lot, all of it negative, since there is absolutely no chance that policies will be changed in the current intellectual and political environment.I have been expecting interest rates to stay low for a while, and it could be much longer according to this persuasive paper from Hoisington Management. http://www.hoisingtonmgt.com/pdf/HIM2012Q2NP.pdf
I only bring it up for folks who are counting on interest rates to rise before purchasing an annuity. What if they don't for another 15 years?
Yes, dope addicts is good analogy to someone that wants the peace of mind of a guaranteed income stream. You're a smart almost actuary.
Read again, the survey was seven out of 10 Advisors had client requests.
Is a client request a sales pitch? If you're so interested in tactics and ideas on how to churn and burn, call your stock broker.
-Robby
What planet do you live on?
......................What planet do you live on?
I'm afraid we'll never know...
I have a pretty good idea what planet it isn`t. Only leaves 8 others.
The reference is for non-qualified contracts (e.g. not funded by 401(k), TIRA, or retirement lump-sum contributions from an employer).Maybe they got better rates in 1994 than are available today.
About Annuities: Saving for Retirement
I guess you don't equate investing with gambling?(snip)...you are no longer investing, you are gambling with your money.
Other bankruptcies included Bank of America, Citibank, General Motors, Ford, Chrysler, and a long list of banks. We’ve already spent trillions bailing out Wall St., do you still want to gamble?
I question the "guaranteed" part of annuities.
Our situation is:
DW has a pension from the state of Illinois. She has received formal notice that this pension (which she has been collecting for 10+ years) will be cut with details fothcoming as the legislature works out the details.
I am due a pension from MegaCorp but have been informed the pension fund is seriously underfunded. I also note on a concurrent thread here on this board that the PBGC is not in good shape.
Few feel that SS will survive as-is and I'm expecting my benefit to be reduced either through additional taxes, means testing, straight out cut, whatever.
How can I find an annuity that is "guaranteed" more securely than our family's private and public pensions or SS have turned out to be? At this stage, might refraining from buying an annuity and continuing to manage the money myself (which I've been doing with fair success) add to my diversity and be the more prudent move? Before I'd buy an annuity I'd have to feel that the insurance company is more secure than either our state government, the at one time prestigeous MegaCorp I worked for or SS.
Funny you mention that.(snip) ...they tend to think in terms of years or decades rather than the next quarter. Totally different animal from the stock companies.
Thanks for reminding me. I thought there was no problem with AIG's "sub-company" annuties, but you validated that situation.It should be noted that AIG's parent was the one in trouble. The insurance companies are state regulated and one of AIG's problems was that its AAA rating did no reflect that the company could not really get at the resources of the regulated insurance companies. My parents had an annuity with Conseco which went belly up, but the annuity paid out for its entire length.
When did Ford and Bank of America declare bankruptcy?
I missed that.