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11-07-2009, 06:27 PM
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Junior Member
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Join Date: Nov 2009
6 posts, read 1,267 times
Reputation: 10
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Annuity Pay Out Of 25 Percent
Does any one here know anything about the annuity product being proposed by annuityinvestorsonline?? The website is Welcome to - AnnuityInvestorsOnline.com
The paperwork seems legit and i checked out the financial advisor as well, i just want to know any one else has dealt with them before signing the paperwork, any feedback would be appreciated.
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11-07-2009, 06:35 PM
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Love, learn, and be happy!
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Join Date: Dec 2006
Location: northern Cincinnati suburb
4,561 posts, read 1,490,936 times
Reputation: 3682
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If it seems too good to be true it usually is.
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11-07-2009, 06:47 PM
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Senior Member
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Join Date: Aug 2008
3,200 posts, read 1,384,865 times
Reputation: 1365
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Humm, considering some one just joining today and posting 2 of the exact same things with the web site it smells like pork packed into tins.
Reported.
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11-07-2009, 07:24 PM
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Junior Member
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Join Date: Nov 2009
6 posts, read 1,267 times
Reputation: 10
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Sorry if it came out that way, im just desperate because i have to make a decision in 10 days....i have the option at taking the pension from work or what the website proposed, sorry
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11-07-2009, 07:52 PM
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Moderator
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Join Date: Jun 2006
4,739 posts, read 4,829,148 times
Reputation: 1249
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Quote:
Originally Posted by quidam01
Sorry if it came out that way, im just desperate because i have to make a decision in 10 days....i have the option at taking the pension from work or what the website proposed, sorry
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Your pension is an annuity-why would you trade one for another? I think you need to find a better financial planner if they are directing you to online annuity sites for your pension. |
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11-07-2009, 08:02 PM
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Junior Member
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Join Date: Nov 2009
6 posts, read 1,267 times
Reputation: 10
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well no i was doing the shopping myself. The problem is many companies are going bankrupt, ours is in a reverse merger aquisition, the rumor is the pension wont be around long
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11-08-2009, 05:23 AM
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Moderator
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Join Date: Jun 2006
4,739 posts, read 4,829,148 times
Reputation: 1249
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Quote:
Originally Posted by quidam01
well no i was doing the shopping myself. The problem is many companies are going bankrupt, ours is in a reverse merger aquisition, the rumor is the pension wont be around long
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What is your situation, are you retiring soon? You also need to worry about the financial strength of an annuity company and I can tell you that anything to do with an online annuity company probably won't be very good. If you are worried about losing the money in your penison it would be best to take an immediate pay-out and roll it into an IRA or another pension, if that is an option. |
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11-08-2009, 11:52 AM
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TANSTAAFL!
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Join Date: Jun 2009
Location: SoCal desert
1,598 posts, read 422,566 times
Reputation: 1710
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What Golfgal said.
If you feel you're being rushed into a decision, have them move it to a bank as an IRA and then take some time to decide where it's best to put it.
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11-08-2009, 11:53 AM
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Junior Member
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Join Date: Nov 2009
6 posts, read 1,267 times
Reputation: 10
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i dont know all this stuff is confusing
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11-08-2009, 03:54 PM
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Junior Member
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Join Date: Nov 2009
Reputation: 10
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There is no way it can be 25%! i signed up with the same company and they are a brokerage for all the annuity companies out there. I know this because i met with the rep also, Mr David Day and he laid out all the options and we did a single immediate annuity that was rolled over from my 401K and it is 10 percent not 25%!! If it sounds to good to be true ....well you know the rest. are you talking about the same company?
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