http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/ Blogging about personal finance and economic policy Wed, 08 Feb 2012 15:02:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/comment-page-1/#comment-34356 Tom Jefferies Wed, 26 Jan 2011 20:22:15 +0000 http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/#comment-34356 Anyone who could look someone in the eye and say that an equity index annuity with a 12 year surrender schedule (starting at 12% or higher), a monthly averaging and a cap of 8%, and a 10% commission to the agent is a good investment is not being honest with the person they are selling it to or themselves. Seniors are the target of these investments, as it hits all of their “hot buttons”-- guarantees with the promise of higher than normal returns. Anyone who could look someone in the eye and say that an equity index annuity with a 12 year surrender schedule (starting at 12% or higher), a monthly averaging and a cap of 8%, and a 10% commission to the agent is a good investment is not being honest with the person they are selling it to or themselves. Seniors are the target of these investments, as it hits all of their “hot buttons”– guarantees with the promise of higher than normal returns.

]]> http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/comment-page-1/#comment-34235 Settlement Seth Fri, 21 Jan 2011 18:09:18 +0000 http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/#comment-34235 I agree with Legal Joe's comments. The whole recession is partly because people didn't read the fine print and look out for themselves as much as they needed to and now we are all paying the price. So indeed, do yourself the favor and be careful! I agree with Legal Joe’s comments. The whole recession is partly because people didn’t read the fine print and look out for themselves as much as they needed to and now we are all paying the price. So indeed, do yourself the favor and be careful!

]]> http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/comment-page-1/#comment-34189 Legal Joe Wed, 19 Jan 2011 21:19:43 +0000 http://www.bankaholic.com/finance/choose-long-term-equity-indexed-annuities-wisely/#comment-34189 Whenever you are handling money you always have to read the fine print and make sure your interests are being pursued. It is too easy for those in the finance industry to simply say one thing and then do another once they have your money. So stay sharp and take the time to handle your money correctly and responsibly. Whenever you are handling money you always have to read the fine print and make sure your interests are being pursued. It is too easy for those in the finance industry to simply say one thing and then do another once they have your money. So stay sharp and take the time to handle your money correctly and responsibly.

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