Where You Sell Annuities? Office, Home Office, Client's House.

Re: Where You Sell Annuities? Office, Home Office, Client's Hous

Catowned, I think the city cracked down on licensing those pretzel vendors. Some of them would add some dirt from their filthy hands when they gave you the pretzel. Also, there is competition from Rita's Water Ice stands and Wawa stores that sell the soft pretzels.
 
Re: Where You Sell Annuities? Office, Home Office, Client's Hous

How about Tastykakes? I've shipped them to my daughter in Washington state. I thought 7 11 is nationwide, but you may be living in the sticks.:yes:

There are some in Tennessee, but I don't recall any in this part of the state.
 
Re: Where You Sell Annuities? Office, Home Office, Client's Hous

How about Tastykakes? I've shipped them to my daughter in Washington state. I thought 7 11 is nationwide, but you may be living in the sticks.:yes:

There is store here that sells them, I might have to get a lemon pie tomorrow!!! I bet she was thrilled!!!!:1smile:
 
Re: Where You Sell Annuities? Office, Home Office, Client's Hous

Closed my bigger deals at the kitchen table. Get more "no-shows" at the office. I like the 8 ft. pit I dug in my basement- however, found anyone over 70 requires too much lotion to make the "suit" fit correctly.
 
Re: Where You Sell Annuities? Office, Home Office, Client's Hous

"It rubs the lotion on its skin or else it gets the hose again."

- Silence of the Lambs (1991)
 
Re: Where You Sell Annuities? Office, Home Office, Client's Hous

Crons, does Dave know you are on an annuity thread? I thought annuity agents were reserved a spot in hell only a step above whole life agents?
 
Re: Where You Sell Annuities? Office, Home Office, Client's Hous

I agree with Dave's program about 75% of the time. It is the best program out there for the masses and a good place to start to get people thinking about their investments and insurance. I believe the forum is working on having and Investment Section and a Real Estate Section, so for now I use the Annuity Section for talking about investments.

Below is an excerpt from Dave's website:

Fixed Annuities:

Dave does not own any fixed annuities and does not suggest them as part of your investment plan. Simply stay away from these!

Variable Annuities (VAs):


Variable annuities cause more confusion than any other financial product.
What are they?
  • VAs are a savings contract with a life insurance company.
  • They offer tax-deferred growth on an after tax investment.
  • They offer beneficiary designation, which allows the account to be transferred to a beneficiary outside of probate court.
  • VAs carry penalties if the contract is broken prior to the agreed upon time period, usually a declining surrender charge that lasts from six to 11 years.
  • 10% IRS penalty for withdrawing prior to age 59 1/2.
  • VAs offer many bells and whistles, such as guarantees of principal, life insurance, etc.
  • VA fees vary widely.
Dave has strong suggestions for investors considering VAs
  • Only consider VAs when you reach Baby Step 7. At that point, you're debt free including your home and all other tax-deferred options have been used.
  • VAs can be useful investment tools because they allow your investments to grow tax deferred.
  • When purchasing VAs understand the fees, surrender period and any riders or options you choose.
  • When purchasing VAs, stay with the four types of mutual funds Dave suggests inside the VA.
High-income earners
If a person earns too much to do a Roth IRA and is limited to what they can contribute to a 401(k) plan due to top-heavy rules (unable to contribute 15% into pre-tax or tax-free investments), Dave recommends using either low-turnover mutual funds or a combination of low-turnover mutual funds and variable annuities. While this is an option for high-income earners, Dave still does not personally use variable annuities.

Worth mentioning
  • Don't commit to VAs until you're sure you are ready. Once you're in, you're in.
  • Never, ever, ever roll an IRA, 401(k) or 403(b) into a VA. These three things already have the benefit of tax-deferred growth, and you do not need a VA.
  • While Dave fits all the pre-requisites for VAs he does not personally own any. He prefers mutual funds and paid-for real estate for investors on Baby Step 7.
 
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