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Subject:  Re: ??? about annuities - Warning: long Date:  2/21/2011  10:26 AM
Author:  Watty56 Number:  68518 of 78166

A few ideas on how to approach this;

1) Just like with a major medical decision, getting a second opinion is a good idea. Before he buys anything it would be very good to have a different fee only financial advisor who is paid by the hour, not commission, take a look at the proposal.

2) If he has not started social security yet, then delaying the start of social security, or suspending social security to get a larger monthly check is in essence buying annuity. This is usually better than an annuity that could be purchased for the same amount.

3) I