Quote:
Originally Posted by retiredguy123
I think that an advisor who is selling annuities should be required to tell you that it is an "annuity" and not a retirement investment. Some annuity salespeople totally avoid using the word annuity. Also, they should be required to provide you with a copy of the entire annuity contract to read before you give them any money. It is absurd that advisors are allowed to sell annuities without identifying the product, or even allowing clients to read the contract.
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Anyone can ask for a copy of a policy.
FYI not all annuities are bad in fact there are some very goods ones.
Not all investors/ agents are bad
Fixed / Fixed-Index Annuities have a place in most portfolios just like stock, EFT’s and MF’s. You just have to have the right agent with the right annuity one with no riders, no fees and no crap just straight forward annuity.