Quote:
Originally Posted by Stu from NYC
Some weeks ago we attended a dinner seminar they put on. They spent the entire hour pushing this.
They made claims that I found unbelievable and when I asked questions he never did answer me.
I would never buy an annuity. There is an old saying, annuities are sold and never purchased.
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That qoute comes from AUM advisors who collect 1% of your assets every year and is NOT true. I have never been to a presentation and have bought 2 annuities with income riders as part of my retirement income planning. Last year they were by far the best performing asset I had. Of
Course if you have an advisor and he collects $10,000 out of your account that is SUCH a reasonable commission. You should research and know what you are talking about
Before giving advice
On the internet, but most
People don’t.