Retirement Mechanic
Dryer sheet wannabe
Pal, my one note was in defense to the asine comments from the deep well of ignorance.
BTW Mechanic, your responses without quoting who you are replying to make no sense.
Like watching someone walk down a hallway, opening doors at random and having a one-way conversation into an empty room...
Pal, my one note was in defense to the asine comments from the deep well of ignorance.
My attempt was to initially answer an annuity question. But, instead I ran into a hornets nest of experts on annuities.
Pal, my one note was in defense to the asine comments from the deep well of ignorance.
Typical. When asked to give facts, all we get is excuses...But, of course, I have already been called a thief, a thug, and shifty eyed. So, what would be the positive in forwarding the info?
Another term?But, of course, I have already been called a thief, a thug, and shifty eyed. So, what would be the positive in forwarding the info?
Yep.You are right, I'm on the wrong forum.
2: Re asking for the prospectus: There is no prospectus with fixed index annuities, the type in question here. There is a statement of disclosure. The disclosure statement is roughly 12 pages in length.
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I am very familiar with the Allianz Master Dex product.
Well, I am very positively disposed toward annuities, because I just got an invitation for a filet mignon dinner with wine at Ruth's Chris, and it's right downtown so I don't have to drive to Bellevue to enjoy it. Even paid parking!And you'll find similar frustration from many E-R forum members when an annuity [-]salesman[/-] authority shows up to "help" the lumpen masses gathered here gain knowledge about the unjustly maligned "investment" known as an annuity.
Be sure to ask for seconds and a 'to go" container...This guy must have quite a business because the dinner must cost him $50+ per plate.
Well, I am very positively disposed toward annuities, because I just got an invitation for a filet mignon dinner with wine at Ruth's Chris, and it's right downtown so I don't have to drive to Bellevue to enjoy it. Even paid parking!
I plan to ask some real softball questions so I might get invited back if he does it again. This guy must have quite a business because the dinner must cost him $50+ per plate.
Ha
Hello there MB. Nope, I'm a local guy. Just trying to set the record straight when it comes to annuities. A great strategy when properly used.
Thanks
There are those who are at the same place as they were 10 years ago, still waiting for their brokers to earn their fees.
He likes me, he really likes me!!
Where is Porky when you need him?
What fees? Oh, there are expenses, in my case 12 basis points annually, but that's it. No subaccount fees, surrender charges, mortality and expense risk charge, administrative fees beyond that 12 basis points, or sales load.
And anyone 'at the same place as they were 10 years ago' needs to look at their asset allocation. Putting everything into passbook savings or the S&P 500 is a pretty poor idea.
Hint: Folks here eat Modern Portfolio Theory for breakfast, and some of us pick fights with Gene Fama over CAPM. Quite a few people here can pass the Series 6 and 63 exams with their eyes closed. A number could do well on the Series 7 and 42 exams, and several folks would have no problem with the Series 65/66. We ain't eggzactly fresh off the turnip truck.
Credibility is sort of the currency here. Announcing that you're an Insurance Salesman here to set us right pops you right into the bottom decile.