Annuity Recomendation

[0b1kanobee]

I'm slightly younger and I'm buying the longest term FIA I can. They provide they best options for growth. I could buy a one year but the upside potential isn't there.

I don't have to worry about interest rate risk, I don't have to worry about calls and puts, I don't have to worry about market risk, and any of that other bs. I'm saving for retirement.

I'm not going to hit a homerun but I'm going to hit singles all the dang time.

If that strategy works for you and your specific retirement plan then great. There are a couple of short term products with some pretty decent rates and good exit strategies out there you won't hear too much about though. If caps go up and mins go up you might lose out. But if batting singles works for your specific needs that's great. Slow and steady wins the race. Just depends on how slow you want to go.

You planning on retiring at 90 Y.O.?

 

[iceco1d]

I'm slightly younger and I'm buying the longest term FIA I can. They provide they best options for growth. I could buy a one year but the upside potential isn't there.

I don't have to worry about interest rate risk, I don't have to worry about calls and puts, I don't have to worry about market risk, and any of that other bs. I'm saving for retirement.

I'm not going to hit a homerun but I'm going to hit singles all the dang time.

If you're investing for retirement, why not just buy Treasuries that match whatever your time frame is. Buy them with 85% of your money.

Take the other 15%, and buy some good dividend paying stocks, and forget about it.

When you retire, you'll have 100% of your "investment" in matured treasuries plus whatever the dividend paying stocks did.

 

[Franz Kafka]

Just goes to show there's no fixing stupid or willfully ignorant. Insurance or annuity transfers the risk from the client AND THE AGENT to the insurance co. The market we have known for the last 50 years is GONE! But by the time you figured that out, it would be too late and your little brainwashed minds will never fathom that is possible. Punks without experience will lead the sheep to the slaughter. Have a great day!

 

[iceco1d]

You are an *** if you think there is MORE risk to what I proposed than there is in a FIA.

One of us is brainwashed here, but it's not me. The market is GONE, GONE I TELL YOU, GONE!!! Typical one trick pony FIA sales tactics.

 

[bobson]

You are an *** if you think there is MORE risk to what I proposed than there is in a FIA.

One of us is brainwashed here, but it's not me. The market is GONE, GONE I TELL YOU, GONE!!! Typical one trick pony FIA sales tactics.

There is absolutley no guarentee with what you proposed. Past results are not indicative of future results. Anybody proposing risky stock market investing to people that need to be saving should be held accountable. Some silly disclaimer like the one I wrote above is not sufficent protection.

We have a savings problem in this country not an investing problem.

It isn't lazy stupid ignorance that causes people to lose money in the stock market. It is the market itself that is to blame. The deck is stacked in someone's favor, just not the average American's.

Are people ignorant and lazy for not changing their own oil? What about home repairs? People should never go to restaurants because they can learn to make everything at home.

We have more mutual funds than we have stocks themselves. Does that make any rational sense?

 

[Bobrobb]

You are an *** if you think there is MORE risk to what I proposed than there is in a FIA.

One of us is brainwashed here, but it's not me. The market is GONE, GONE I TELL YOU, GONE!!! Typical one trick pony FIA sales tactics.

Every 3 months someone comes on here with this worn out strategy that is SUPPOSED to beat an FIA. It shouldn't be compared with an FIA. An FIA is a savings vehicle designed to have better returns than a CD with tax benefits and should be sold as such. Anything else will result with pissed off clients.

 

[iceco1d]

There is absolutley no guarentee with what you proposed. Past results are not indicative of future results. Anybody proposing risky stock market investing to people that need to be saving should be held accountable. Some silly disclaimer like the one I wrote above is not sufficent protection.

We have a savings problem in this country not an investing problem.

It isn't lazy stupid ignorance that causes people to lose money in the stock market. It is the market itself that is to blame. The deck is stacked in someone's favor, just not the average American's.

Are people ignorant and lazy for not changing their own oil? What about home repairs? People should never go to restaurants because they can learn to make everything at home.

We have more mutual funds than we have stocks themselves. Does that make any rational sense?

You mean to tell me, that you personally don't believe that you will have $100K+ if you put $85K in a 10 year treasury note paying 1.90%? It's GUARANTEED BY THE US GOVERNMENT!

Your logical response should be, "but what if rates go up and I need my money early!" Which is valid. But which would you rather have, that situation, or a GUARANTEED surrender charge of up to 12% on a 10 year product?

The stock portion I suggested is a way to "not mess with call and put options" and still have exposure to stocks.
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Every 3 months someone comes on here with this worn out strategy that is SUPPOSED to beat an FIA. It shouldn't be compared with an FIA. An FIA is a savings vehicle designed to have better returns than a CD with tax benefits and should be sold as such. Anything else will result with pissed off clients.

Listen. I didn't come on here for that reason. And I'm not recommending anything to anyone. I'm stating a FACT that a FIA can be outdone, IF YOU WANTED TO, by replicating what the insurer is doing in the background, and cutting out the middle men.

Most advisors don't know how to do that. Most investors don't know how. And even if either one did,t hey probably wouldn't want to.

I think it is troublesome when you can ONLY sell FIAs, and you start acting like they are magical. They are not.

FWIW, I can sell stocks, bonds, options, mutual funds, annuities (including FIAs). I get paid about the same on all of them, so I have no dog in the fight.

 

[Bobrobb]

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Listen. I didn't come on here for that reason. And I'm not recommending anything to anyone. I'm stating a FACT that a FIA can be outdone, IF YOU WANTED TO, by replicating what the insurer is doing in the background, and cutting out the middle men.

You can't do what an insurer can do because they buy options and bonds in mass volumes. You should know that.

 

[iceco1d]

You can't do what an insurer can do because they buy options and bonds in mass volumes. You should know that.

Give me a break. Any decent bond desk can shop the street for the best price on bonds. Institutional pricing is always going to be better, but you're talking pennies per thousand on the face value.

That pales in comparison to the costs of a packaged product like a FIA that has 2% commissions + 1% trails to pay to agents + the costs of marketing materials + the cost of sending statements, etc.

I'm not begrudging anyone for making a living. I'm not suggesting this strategy in lieu of a FIA (because there is no way I'd do it for someone unless they had millions with me).

I'm being objective about what the product is, how it's engineered, and what it's limitations and suitability are.

I'm not intentionally being condescending, but I'm not going to sit still for people directing comments like "you can't fix stupid!" towards me.

 

[Bobrobb]

I'm not suggesting this strategy in lieu of a FIA (because there is no way I'd do it for someone unless they had millions with me).

I misunderstood. Your previous example you used $100,000. I was mistaken.