Quote:
Originally Posted by Babubhat
Annuities is a word that should never be spoken. If you must go to Vanguard with lowest costs. car salespeople pushing a different product. Your money deserves better
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Yup - annuities could be sold on the same lot as used cars and sold by the same folks. I worked as a programmer for many years in the Insurance Capitol (Hartford, CT). I saw the intimate, nitty gritty details of how each product was structured, the costs, the profits, etc. because I had to program this stuff. They all suck. Don't buy anything from an insurance company except insurance and then only TERM insurance and then only if you need it. Annuities are cr@p. Same with whole life, universal life, and anything else they come up with.