Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,351
OK, was with a sister and her husband... he announced proudly that he bought an annuity that paid 6% 'guaranteed'... he could not tell me much more about the annuity but said it was 5 years...
I asked some questions and found out that his financial advisor 'recommended' this to him... I said annuities are not good and he should ask about it... I then found out that it was bought INSIDE an IRA ... I said that you should fire any FA that has you buy an annuity inside an IRA... he got mad...
Now, my sister said that the FA used to be good but moved to Wells Fargo and is now giving bad advice but husband will not listen...
SOOO, I want to send an article or two showing how bad it is to buy an annuity inside an IRA... but my search had not found one that I like... I know many here have this knowledge and might have a link...
PLEASE SEND to help out my sisters husband...
I asked some questions and found out that his financial advisor 'recommended' this to him... I said annuities are not good and he should ask about it... I then found out that it was bought INSIDE an IRA ... I said that you should fire any FA that has you buy an annuity inside an IRA... he got mad...
Now, my sister said that the FA used to be good but moved to Wells Fargo and is now giving bad advice but husband will not listen...
SOOO, I want to send an article or two showing how bad it is to buy an annuity inside an IRA... but my search had not found one that I like... I know many here have this knowledge and might have a link...
PLEASE SEND to help out my sisters husband...