Quote:
Originally Posted by petsetc
First my disclaimer - I think annuities are a bad place to put money - they are NOT an investment.
With that said, if you want to know a lot about them, I recommend you listen to the podcasts by Stan The Annuity Man called Fun with Annuities.
And should you want investment help, I recommend you take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)
Found at paulmerriman.com
Also on his site are recommended portfolios for using Vanguard, Fidelity, T.Rowe Price or Schwab for DYI'ers. Much good info, ignore the puffery and sales pitches.
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Are they bad because "...they are NOT an investment..."?
If an annuity is paying the annual earned interest one is expecting, let's say 6.5%....and it preserves their principal....and the client is happy.....why are they labeled bad.....by some folks?
(separate issue
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