To Be Or Not To Be: What Is An Annuity?

A guarantee or a guess, which would you choose? Guarantees or a future guess, which would you choose? Annuities are annuities. The term annuity, when used as a noun, can mean two entirely different products. According to Investopedia, the definition of an annuity is: An annuity is a contractual financial product sold by financial institutions [...]

By |2020-04-15T21:20:42+00:00February 27th, 2019|Annuities|

Estimating The Future Can Be A Mistake Unless It Is Guaranteed

How ignorant are those who don't understand annuities and yet think they are experts A year or so ago, an article written by stockbroker, Brooks Rhys, made a clear and loud statement, “Don’t Buy Equity Linked   Annuities!” I have to laugh at the headline now; Mr. Rhys didn’t even know the correct name of [...]

By |2020-04-12T23:35:10+00:00February 20th, 2019|Annuities|

Promises And Guarantees Are Not The Same Thing

Recent update: https://www.cnbc.com/2019/01/28/woodbridge-group-ordered-to-pay-1-billion-in-penalties-for-ponzi-scheme-targeting-retail-investors.html In the old movie, The Road to Morocco, Bing Crosby and Bob Hope show their pure comedic brilliance.  One of the best parts of the movie is when they become lost in a Moroccan desert and see a mirage, the outcome is hilarious.  Of course, the illusion is not real, and they end [...]

By |2020-04-16T19:38:58+00:00February 4th, 2019|Investing|

12 B-1 Fees And Distrubution Fees In Mutual Funds

Distribution fees in mutual funds are designed to cover ongoing marketing and support cost for services provided to owners of mutual funds. Distribution fees are paid to the sales organizations that provide the clients for the mutual fund company. 12 B-1 fees are subtracted from the mutual fund owners share value. These are fees paid [...]

By |2020-04-13T17:50:01+00:00August 10th, 2018|Investing|

The Federal Government And Their Slow Creep Over Our Lives

The Federal Government needs to respect States Rights  At a speech recently SEC Commissioner Luis A. Aguilar suggested the need for more federal government oversight for the annuity industry. Not the variable annuity industry that the SEC currently regulates but the annuity industry managed by each state Department of Insurance (DOL). His decision was based [...]

By |2020-04-15T23:46:42+00:00June 22nd, 2015|Annuities|