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URL:  http://boards.fool.com/the-costs-embedded-in-the-so-called-quotlow-cost-30962903.aspx

Subject:  Re: HR-2374. Delays adviser fiduciary responsib Date:  11/7/2013  5:50 PM
Author:  buzman Number:  73712 of 75776

The costs embedded in the so-called "low-cost single premium immediate annuity" are large enough to choke a crocodile.

http://retireearlyhomepage.com/bad_annuity.html

intercst

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This is just another attempt to neuter Dodd-Frank.

Sorry I overlooked SPIA abuse...it's like voter fraud, Acorn scandals or Benghazi

In Q2 2013 SPIA sales were less than $2B while variable annuity sales were over $55B. EIAs keep setting records, too with $9B in sales over the same period.

http://www.limra.com/Posts/PR/News_Releases/Second_Quarter_A...

But John Quixote leads the charge.
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