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Originally Posted by fcgiii
Has anyone dealt with ARS and bought their hybrid annuities?. The say they are fiduciaries and claim they can get you annuities that go up with the market and never lose money.
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An annuity the math is deliberately complex an opportunity to SPIN the numbers. The simple math. The commission is like 20%-the reason they are aggressively sold. That means that IF, you invest, COMMIT, say 100,000 it means that 80,000 need to get the return of your original 100,000. How can they do that? Some of the return is you own money being paid out to you.
IF, you need steady income you can go to a brokerage and set up an account in say an index fund and have them send you a check every month. Your returns would be based on ZERO commissions and ZERO fees. You will pay the minimal management fee for an index fund. You will need to consult an accountant to explain advantages and disadvantages TAX WISE.