RetiredHappy
Thinks s/he gets paid by the post
- Joined
- Jun 27, 2021
- Messages
- 1,614
Not surprising that a FA with a brokerage company like ML would dissuade you from annuities while pushing complex equity strategies. When I switched to a fiduciary FA, I couldn’t even explain the convoluted equity strategy that ML advisor had invested my wife’s IRA funds in.
No reason to work with a one-sided advisor when there are reasonable Insurance issued products that might work for some individuals.
Glad it worked out for you RH.
We just moved all of our managed investments out of ML and we are still working on simplifying the whole portfolio. It is not easy, especially for taxable accounts as they will incur capital gains tax if we were to sell them.