Comments on: Annuities – The Next Scam? http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/ Stocks, charts, risk management & coffee Fri, 10 Sep 2010 07:48:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: JDS http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-2652 JDS Thu, 02 Sep 2010 02:47:39 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-2652 Annuities are a scam. Every life insurance agent I know peddles these products with a passion. <br> <br>Anyone who sells annuities as part of their retirement options for elderly clients is a dirt bag...plain and simple. Do yourself a favor and leave the estate planning to the juris doctors or those very few financial planners who do nothing that is commission based. Annuities are a scam. Every life insurance agent I know peddles these products with a passion.

Anyone who sells annuities as part of their retirement options for elderly clients is a dirt bag…plain and simple. Do yourself a favor and leave the estate planning to the juris doctors or those very few financial planners who do nothing that is commission based.

]]> By: Tom http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-1085 Tom Sat, 06 Feb 2010 03:31:12 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-1085 what do you know of that is completely risk free? everything, including annuities, has risks. there are many factors involved when deciding what is best and everything should be weighed out on a case by case basis. anyone looking to buy an annuity should do lots of research and do whatever is right for their specific situation. you make good points but there's just too many random factors involved to say if it's a good idea or not. what do you know of that is completely risk free? everything, including annuities, has risks. there are many factors involved when deciding what is best and everything should be weighed out on a case by case basis. anyone looking to buy an annuity should do lots of research and do whatever is right for their specific situation. you make good points but there's just too many random factors involved to say if it's a good idea or not.

]]> By: Tom http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-2056 Tom Sat, 06 Feb 2010 03:31:12 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-2056 what do you know of that is completely risk free? everything, including annuities, has risks. there are many factors involved when deciding what is best and everything should be weighed out on a case by case basis. anyone looking to buy an annuity should do lots of research and do whatever is right for their specific situation. you make good points but there's just too many random factors involved to say if it's a good idea or not. what do you know of that is completely risk free? everything, including annuities, has risks. there are many factors involved when deciding what is best and everything should be weighed out on a case by case basis. anyone looking to buy an annuity should do lots of research and do whatever is right for their specific situation. you make good points but there's just too many random factors involved to say if it's a good idea or not.

]]> By: Tom http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-1084 Tom Fri, 05 Feb 2010 21:31:12 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-1084 what do you know of that is completely risk free? everything, including annuities, has risks. there are many factors involved when deciding what is best and everything should be weighed out on a case by case basis. anyone looking to buy an annuity should do lots of research and do whatever is right for their specific situation. you make good points but there's just too many random factors involved to say if it's a good idea or not. what do you know of that is completely risk free? everything, including annuities, has risks. there are many factors involved when deciding what is best and everything should be weighed out on a case by case basis. anyone looking to buy an annuity should do lots of research and do whatever is right for their specific situation. you make good points but there's just too many random factors involved to say if it's a good idea or not.

]]> By: tbird2252 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-2057 tbird2252 Thu, 21 Jan 2010 18:53:12 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-2057 CC, I agree with your post. Annuities take advantage of the uninformed. My elderly parents got taken with the promise of double digit returns several years ago. There is also a front end charge (commission) and surrender (commission)... CC, I agree with your post. Annuities take advantage of the uninformed. My elderly parents got taken with the promise of double digit returns several years ago. There is also a front end charge (commission) and surrender (commission)…

]]> By: tbird2252 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-1083 tbird2252 Thu, 21 Jan 2010 12:53:12 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-1083 CC, I agree with your post. Annuities take advantage of the uninformed. My elderly parents got taken with the promise of double digit returns several years ago. There is also a front end charge (commission) and surrender (commission)... CC, I agree with your post. Annuities take advantage of the uninformed. My elderly parents got taken with the promise of double digit returns several years ago. There is also a front end charge (commission) and surrender (commission)…

]]> By: chartsandcoffee http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-2059 chartsandcoffee Thu, 21 Jan 2010 00:14:24 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-2059 VA_Voter, thank you for pointing that out. For those wanting a brief description of fixed v. variable, here is a link to a CNN Money article.<br><br><a href="http://money.cnn.com/2004/12/03/pf/expert/ask_expert/" rel="nofollow">http://money.cnn.com/2004/12/03/pf/expert/ask_e...</a><br><br>I'm not venturing into discussing variable annuities because my main focus is on retirees looking for a safe fixed income investment as opposed to putting a portion of their money at risk in a mutual fund. I am glad that you pointed out this distinction. VA_Voter, thank you for pointing that out. For those wanting a brief description of fixed v. variable, here is a link to a CNN Money article.

http://money.cnn.com/2004/12/03/pf/expert/ask_e...

I'm not venturing into discussing variable annuities because my main focus is on retirees looking for a safe fixed income investment as opposed to putting a portion of their money at risk in a mutual fund. I am glad that you pointed out this distinction.

]]> By: VA_Voter http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-2058 VA_Voter Wed, 20 Jan 2010 23:41:40 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-2058 There are fixed and variable annuities. You have described a fixed annuity. The variable (VA) is generally a limited selection of just average to mediocre mutual funds. Not great but usually not awful. Certainly less advantageous than a knowledgable MF picker. For the risk averse investor there can be advantages to the the VA such as guaranteed minimum income and balances. There are disadvantages such as holding periods and surrender charges. There are fixed and variable annuities. You have described a fixed annuity. The variable (VA) is generally a limited selection of just average to mediocre mutual funds. Not great but usually not awful. Certainly less advantageous than a knowledgable MF picker. For the risk averse investor there can be advantages to the the VA such as guaranteed minimum income and balances. There are disadvantages such as holding periods and surrender charges.

]]> By: chartsandcoffee http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-1082 chartsandcoffee Wed, 20 Jan 2010 18:14:24 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-1082 VA_Voter, thank you for pointing that out. For those wanting a brief description of fixed v. variable, here is a link to a CNN Money article.<br><br><a href="http://money.cnn.com/2004/12/03/pf/expert/ask_expert/" rel="nofollow">http://money.cnn.com/2004/12/03/pf/expert/ask_e...</a><br><br>I'm not venturing into discussing variable annuities because my main focus is on retirees looking for a safe fixed income investment as opposed to putting a portion of their money at risk in a mutual fund. I am glad that you pointed out this distinction. VA_Voter, thank you for pointing that out. For those wanting a brief description of fixed v. variable, here is a link to a CNN Money article.

http://money.cnn.com/2004/12/03/pf/expert/ask_e...

I'm not venturing into discussing variable annuities because my main focus is on retirees looking for a safe fixed income investment as opposed to putting a portion of their money at risk in a mutual fund. I am glad that you pointed out this distinction.

]]> By: VA_Voter http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/comment-page-1/#comment-1081 VA_Voter Wed, 20 Jan 2010 17:41:40 +0000 http://www.chartsandcoffee.com/2010/01/annuities-the-next-scam/#comment-1081 There are fixed and variable annuities. You have described a fixed annuity. The variable (VA) is generally a limited selection of just average to mediocre mutual funds. Not great but usually not awful. Certainly less advantageous than a knowledgable MF picker. For the risk averse investor there can be advantages to the the VA such as guaranteed minimum income and balances. There are disadvantages such as holding periods and surrender charges. There are fixed and variable annuities. You have described a fixed annuity. The variable (VA) is generally a limited selection of just average to mediocre mutual funds. Not great but usually not awful. Certainly less advantageous than a knowledgable MF picker. For the risk averse investor there can be advantages to the the VA such as guaranteed minimum income and balances. There are disadvantages such as holding periods and surrender charges.

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