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It's not a stretch to imagine that a math teacher is more likely than his/her colleagues to take an interest in the details of financial planning, and the connection between teachers and annuities was made in the article because it's a common investment tool offered to them.
I find it disgraceful that money changing has become the #1 business of America, and that many of our best and brightest are choosing this as a career path.
There are some really abusive practices in annuities, real horror stories. I am sure there are some reputable agents but there are many that are not acting in the best interests of the investors. Many seem to just want to sell and resell for their own profit. Buyer beware if you can figure out the instrument.
There are some really abusive practices in annuities, real horror stories. I am sure there are some reputable agents but there are many that are not acting in the best interests of the investors. Many seem to just want to sell and resell for their own profit. Buyer beware if you can figure out the instrument.
I say sick the German Shepard on your insurance agent if the words investment and annuities are co-mingled.
Investment is investment, annuities is payment on his LEXUS.
annuity products today are very different from the crap that was peddled years ago . low cost products from vanguard and fidelity have pretty much been the way to go for someone who wants variable or deferred annuity's .
i would only go with even lower cost ,simple spia's .
Let us keep one thing in mind. Automobile and homeowner insurance policies are sold by insurance companies whose sales practices have been questionable for over 100 years.
vanguard offers low cost decent ones . chase's deal was not good but sounded great and one annuity I looked at from prudential was an okay product . anything but spia's are going to be very annuity specific
some sound so good on the marketing end . chase pitched one to me that was a variable annuity that guaranteed you 10% a year minimum for 10 years . what could be better then that. but once you understand how the guarantees work and looked under the hood it was not the product you thought it was on the surface .
not easy to figure out though for anyone not familiar with annuity layouts.
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