Many, many TV and print advertisements sayiing "Never buy an annuiity".
I would appreciate if someone could tell me his name.
Posted 29 May 2021 - 12:10 PM
Many, many TV and print advertisements sayiing "Never buy an annuiity".
I would appreciate if someone could tell me his name.
Posted 29 May 2021 - 12:16 PM
The Mortician, Ken Fisher.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 29 May 2021 - 03:43 PM
Yes, thanks
Posted 30 May 2021 - 01:37 PM
Many, many TV and print advertisements sayiing "Never buy an annuiity".
I would appreciate if someone could tell me his name.
So..after one has maxxed out contributions to IRA's, where is another place for some tax deferred trading?
Answer: Variable annuities! Worked great for me so far. All those capital gains are not taxable until I begin distributions from the annuity. And there is NO UPPER LIMIT on how much money you can invest.
$10 million? no problem. $50 million? no problem. On negative side annuities charge 0.25% for life insurance.
More positive is if you lose money, your death benefit never goes below what you put in. So your kids benefit.
Edited by pdx5, 30 May 2021 - 01:42 PM.