Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Oldcoach Ed "You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken" |
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#17
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Variable from a Variable Guy
I actually sell annuities including variables. While I often disagree with Suzie, I do believe that VAs are often sold to the wrong clients. In fact, in my opinion, most all types of variable and index annuities are oversold. I have seen huge portions of portfolios invested into various annuity contracts usually because the investor perceives a benefit that is simply not there.
Still, most investors who owned VA's and index annuities through the crash of 08 / 09 were thrilled to have the protection they offered. Bottom line, VA's can be good, but you should know what you are getting in to, understand the expenses, and surrender penalties and what benefits are offered. Most important, make sure you know what the guarantees mean because most investors don't actually understand how these "benefits" do and don’t protect their portfolios. |
#18
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I just rolled over to the Prudential product.
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#19
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The very best explanation of the various types of annuities I have seen can be found at seniorannuityalert.com. They have short video presentations (7 in all) on each type of annuity with pros and cons. They present it in a very easy to understand manner. Sounds like the "hybrid" is the best for us seniors. I do not have an account with this group; just happened upon them by chance.
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The Villages (Polo Ridge; Piedmont), Toms River, Brick, Spring Lake Heights, NJ and Bronx, NY |
#20
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#21
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We were not told the whole story about these annuities....to high fees and we lost money in these....I have since switched to fixed index annuities and have not lost one dime.....My advisor is David Blackston at Sorensen Tax Advisory group....I highly recommend him...his expertise saved us alot of money and helped us with our estate issues:
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Closed Thread |
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