ReadySkiDaddy
Dryer sheet aficionado
When money managers say that they sell investments with strong "guarantees", what investments besides annuities might the be referring to? Limited partnerships? Life Settlement investments? What else?
When money managers say that they sell investments with strong "guarantees", what investments besides annuities might the be referring to? Limited partnerships? Life Settlement investments? What else?
Ponzi schemes come to mind.When money managers say that they sell investments with strong "guarantees", what investments besides annuities might the be referring to? Limited partnerships? Life Settlement investments? What else?
Yes!Ponzi schemes come to mind.
If anybody takes to the time to read the small print it usually goes something like this; Guarantees are backed soley by the financial strength and claims-paying ability of the named insurance company.
When money managers say that they sell investments with strong "guarantees", what investments besides annuities might the be referring to? Limited partnerships? Life Settlement investments? What else?
Since when do annuities have a "strong guarantee"?
But taxed as ordinary income.What is stronger other than an FDIC bank account or a full faith and credit US debt instrument?
You're talking about a heavily regulated entity whose solvency is monitored by state insurance regulators and is further backstopped by state guaranty funds.
Definitely seems stronger than most corporate or municipal bonds to me.
But taxed as ordinary income.