Re: Annuities...are they a crap shoot?

On 2008-04-06 13:25:52 -0700, Douglas Johnson <post@[EMAIL PROTECTED]
> said:

> The fact remains that the purchaser is paying for it, directly or
indirectly.
> What you are saying is that annuities bury the cost deeper in the fine
print
> than mutual funds.
> 
> Almost any (all that I know of) investment products that are sold by a
> commissioned sales force are high cost products.  Someone is paying for
those
> fancy suits and ****ny shoes.  Guess who.

That certainly is true. Actually, the OP said specifically that his 
wife would have to pay a $6600 commission on the deal. That doesn't 
look to me like some indirect cost borne by the company that is buried 
in the company's financial records. It looks more like he knows that a 
commission of that specific dollar amount has to be paid to a sales 
person.

In any case it seems like a large amount considering that she is 
nearing retirement and already has a long-standing retirement plan in 
place.

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