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Yep. I noticed that. My guess was they didn't agree or they didn't know what an annuity was.
I am guessing they didn't know what an annuity was.
I just checked out NBA Open Court; looks cool.
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The ones with decent financial planners buy annuities. Preferably long surrender period annuities. They also buy high limit DI & Life.
The problem is that there are lots of sharks who are there with grand schemes for these young and uneducated guys... an old favorite of those sharks was to finance the 5 year salary for the guy in a lump sum, give him half in cash and invest the other half. The "thinking" was that the investment interest would more than pay for the loan interest... the financiers , advisors, and the poor guys agent were the ones who benefited the most from that scheme.
Its hard to believe that people could be so stupid. Yeah some are thieves but there are some people that honestly believe that stuff.
There was a guy who was teaching a personal finance class at my church. One day he came in and handed out a sheet with some principles of personal finance. One of the principles was borrowing lots of money to make inflation your friend. No joke, the guy was telling a bunch of young people to borrow away because inflation was going to take care of it all. The guy had a masters degree in economics and was working on a PhD.
I asked him what if there isn't inflation. He didn't have an answer.