Nah...just annuity salesmen...BTW. Wahoo looks like he likes his meat raw.
Nah...just annuity salesmen...BTW. Wahoo looks like he likes his meat raw.
Treasuries not liquid? Easiest thing in the world to sell. Literally.T Bills do not have a maturity date? Yep, you can sell a T Bill, but, still, they are not liquid. Have you seen rates lately?
And realistically few individuals own individual T-bills. Most folks hold them in the form of money market funds which are even easier to sell.Treasuries not liquid? Easiest thing in the world to sell. Literally.
Exactly. Or short term bond funds. I can't believe an annuity salesman talks about liquidity and then disses treasuries.And realistically few individuals own individual T-bills. Most folks hold them in the form of money market funds which are even easier to sell.
So you sell one to a 79 year old widow?Remenber that the annuity is for long term planning, not short term liquidity. .
We don't tend to have wave after wave of commissioned brokers trying to convince us to buy stocks.Curious: Why all the protection for brokers and attacks on insurance? Brokers are above reproach? Or si this just a pack mentality?
A few minutes ago she was 79...REgarding the 70 yo: A SPIA w/ 10 year certain was recommended. But her advisor kept her in the markets.
We don't tend to have wave after wave of commissioned brokers trying to convince us to buy stocks.
T Bills do not have a maturity date? Yep, you can sell a T Bill, but, still, they are not liquid. Have you seen rates lately?
I have sat down with a surviving spouse who was at a total loss as to what to do with her husband's portfolio. This at a time when the markets were sinking. Her advisor assured her the markets would recover. She was at the age of 79 at the time.
Not too many 79 year-old widows on the Early-Retirement forum...
Well Ziggy, it appears you are pretty astute when it comes to investing. The annuity option may not be your best option. I have sat down with a surviving spouse who was at a total loss as to what to do with her husband's portfolio. This at a time when the markets were sinking. Her advisor assured her the markets would recover. She was at the age of 79 at the time. Someone kindly told her annuities were a bad thing. The annuity is not the total answer. But it serves very well the retired population who does not have the time window or the savvy to invest in the markets.
There are those richer, poorer and every condition in between over the past ten years.There are those who are at the same place as they were 10 years ago, still waiting for their brokers to earn their fees.
Ye3p, I bet you know them all. I drink snake oil for breakfast and run over old ladies at street corners.
Looks like we're beginning to get to the facts...I drink snake oil for breakfast and run over old ladies at street corners.