interestng the comments posted.
I was an investment advisor/stockbroker/insurance licensed for about 40years, running at times over 50million in other peoples money.
although licensed, i didn't place to many annuities for various reasons.
I am now retired, and bought two annuities through different fraternal organizations.
they have been in business for over 100years, have no fears regarding security.
they are paying if i wanted to take the income, tax defered as long as i leave it with them similar or above the s&p return on dividends.
in some cases 4% which sure beats the bank.
i can always spend principal if needed, i would rather do that than have the market take it away.
Part of the reason for the annuities was the smoke and mirrors stock market. and i did'nt want to pay taxes on the earnings every year, or have the income bump up my tax bracket.
I paid zero commissions on purchasing, with relatively short contractal holds on the money
one thing i learned during my career is you can paint with to wide a brush.
and yes, i was aware of safariman's crap from the beginning, and after the state finally got on him.
that doesn't make all investment advisors bad.
Last edited by RoninPhx; 12/23/21.
