The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Lifetime Annuity||Date: 10/4/2013 8:55 AM|
|Author: buzman||Number: 73408 of 76420|
When I saw "notorious AIG" my bull$hit antennae went up, too.
While AIG's management can hardly be without blame, tearing down Glass-Steagall played a crucial role also.
As far as retirements being destroyed, for decades AIG's VALIC division has siphoned billions from teachers and non-profit employees via high priced annuities inside 403B plans.
And it was completely legal.
For the record:
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|