Equity Indexed Safe Money @ www.newellfinancial.net
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Uploader Comments (tomforce7)
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Isn't IRR the reason people agree to lock up their money for so long? And I think you mean LOSE.
Investors just need to be sure they understand how big the surrender charges are on these contracts, how low the participation rates can caps can go, and how high the spreads can go.
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Make sure you ask what the surrender charges are. If they start to say 'you can withdraw 10%....' stop them and say 'what are the surrender charges?'.
Also make sure you understand how they credit interest. Monthly average, daily average, monthly caps, all could provide you with a return much lower than the index.
Also ask what the moving parts are. Most of these companies can increase spreads or lower caps at will.
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can I get this video clip on cd?
ME TOO PLEASE
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How's that been going for you
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A white-paper was done by a former SEC economist and PhD specifically on the merits of EIAs. Heres the bottom line: We estimate that between 15% and 20% of the premium paid by investors in equity-indexed annuities is a transfer of wealth from unsophisticated investors to insurance companies and their sales forces.
johngalt325 2 years ago
John,
you still have yet to prove how a client can LOOSE 20% of their initial investment (other than) a FULL surrender of the contract.
Minimum guarantees on initial premium, bottom floor cap guarantees or top tier spreads only affect IRR, NOT contributions. FACT: I have hundreds of satisfied clients who have lost not one red cent in the last 3 years of marketmeltdown boom and bust. So let me guess, your another John Bogle Fan right?
tomforce7 2 years ago
There are a lot of really dumb things you can do with your money and at the top of the list is buying an equity indexed annuity. Notice how I didnt say invest in an equity indexed annuity. Thats because in order for a product to be an investment it must have some sort of redeemable qualities that merit the allocation of funds to it. In this article, Ill clearly (and painfully) outline why one should never, under any sort of circumstances, buy an equity indexed annuity.
johngalt325 2 years ago
your opinion is meaningless to me. You must be a another self righteous zealot trying to protect the public from themselves. Get real. Meanwhile people keep moving billions into these products with virtually 0 complaints. Good luck saving the world.
tomforce7 2 years ago