Baby boomers are afraid of more than not being able to retire comfortably. They’re also afraid they won’t be able to afford necessary health care or even making ends meet. And as if that’s not enough, they’re also worried that their kids (or grandkids) will be moving back home.
America was built on free enterprise and the drive for profit, but at what cost does that profit cost, not in bottom line numbers but in human sacrifice? This is not a liberal communist criticism of our system; it is merely a reflection of the changes we have seen these past 20 years.
Is an annuity right for you? Several factors unique to your personal situation should be considered before investing in an annuity.
A recent press release from Merrill Lynch announced record revenue based on fee growth; asset management fees of $1.5 billion were up almost 17% from the prior year. Client balances — which include loan balances and deposits at Bank of America —crossed the $2 trillion mark. More advisers, approximately 46%, were serving a majority of their clients in a fee-based relationship, the firm said.
Look out for the falling stock market. New California suitability law. Sherilyn Orr and David Winers annuity rate system. Most Americans don't understand annuities. click here for 7-31-14 open mic notes