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Frick 'n Frack - Understanding Annuities

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Uploaded by on Nov 12, 2007

"Frick" played by Economist Shelby Smith, Ph.D. is receiving an award from the Association of Financial Planners. He shows his brother "Frack", played by Coleman Sisson how safe money choices for your retirement money can be a hero when the market crashes.

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Education

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Uploader Comments (RetireRx)

  • How about a little more disclosure - like how long the surrender charges are and how much the surrender charges are? And more details on how much of the market upside I can be promised I will get? How much money I will lose if I decide I need to get my money back soon?? How about full disclosure and telling the whole story?

  • Thanks .you are obviously a stock broker or brokerage company employee. So, let talk about market risks: how much of my mutual fund will I get if I cash in early? If you put me into something that is unsuitable, can I sue you or do we settle by arbitration using an ex-broker turned lawyer to dispense justice? How much money have we lost since October 2007 in fixed annuities not surrender early? How much loss in mutual funds, variable annuities, and stocks/bonds over the same period?

  • And, do those in retirements red zone have the time to recover these losses? The fact is, youre brainwashed to believe that all retirement money invested or saved must be put into something risky. Are you stupid or just dishonest? The not-all-the-upside is the insurance premium for the none-of-the-downside if you had an open mind (or maybe a mind), youd admit that things other than market investments can be suitable.

  • Very few people are having to postpone retirement, find another job in old age and pare back their retirement plans because they put money in an index-linked annuity can we say the same for the investments you offer?

Top Comments

  • This is too good. Please make this something we can always look forward to in the future.

    Anuities are always good. Zero Hero!!!!

  • It's very simple. Annuities are the BEST risk free investment possible right now. If you want higher gains, you have to take risks. Period.

    I just put my father in with a trillion-dollar company making an instant 5% plus 7% annual interest.

    There's no surrender if you elect for guaranteed income, which is what Annuities are best used as.

    If you want to unwisely take out the entire lump sum of cash before ripening, you pay a modest 10% fee.

    Any other questions, call my office at 401-952-6661

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All Comments (7)

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  • Go an hero, zero. 

  • Nice work. keep it up. mean time come for social media marketing for esteembpo**com

  • Love the Silver Fox in the Tux!

  • Cheeserific!

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