Welcome to the Estate Planning & Fixed Annuity Forum.
This forum is for the discussion of Estate Planning and Fixed Annuities.
Click HERE to learn what the U. S. Securities and Exchange Commission has to say about these products.
NOT "Variable" Annuities. "Variable" Annuities are a stock broker-securities licensed-wheeler dealer SALESMAN product which is nothing more than a bloated pig with lip stick and are - per se' - unsuitable for Seniors over the age of 60.
Variable Annuities VIOLATE the fundamental and foundational element of "Safety of Principal" inherent in ALL annuities EXCEPT Variable Annuities.
Click THIS LINK to read what the FINRA has to say about Variable Annuities and the securities licensed broker wheeler dealer SALESMEN who SELL them with little or no Life Insurance or Annuity experience or training.
The marketing efforts used by some variable annuity sellers deserve scrutiny - especially when seniors are the targeted investors. Sales pitches for these products might attempt to scare or confuse investors.
As its name implies, a variable annuity's rate of return is not stable, but varies with the stock, bond, and money market sub-accounts that you choose as investment options. There is no guarantee that you will earn any return on your investment and there is a risk that you will lose money.
The variety of features offered by variable annuity products can be confusing. For this reason, it can be difficult for investors to understand what's being recommended for them to buy - especially when facing a hard-charging salesperson.
7. Variable Annuities within IRAs
Investing in a variable annuity within a tax-deferred account, such as an individual retirement account (IRA) may not be a good idea. Since IRAs are already tax-advantaged, a variable annuity will provide no additional tax savings. It will, however, increase the expense of the IRA, while generating fees and commissions for the broker or salesperson.
Fixed Annuities more closely resemble bank CDs and Money Market accounts with respect to
Safety of Principal and Interest.
Fixed Annuities come in only two forms.
Traditional Fixed Annuity or Fixed Indexed Annuity.
Estate Planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death.
I'm looking forward to answering any client questions while having
no non sense - straight forward - open and honest discussions.
I'm especially excited about responding to Insurance Agents condemning other Insurance Agents; attorneys; bankers; brokers; accountants and news media regarding any of their absurd objections and reports regarding Traditional Fixed Annuities or Fixed Indexed Annuities.
Locked threads are because I'm trying to make a point regarding an annuity contract provision or I'm responding to biased articles by brokers, bankers, attorneys and news media who don't quite tell the other side of the story.
Feel free to start any thread about anything you read here.
I'll be happy to respond.