Funny to see Prudential into something like this again...

Many years ago (30 or so), when we had a young family, we were approached by our Prudential agent about a "new" kind of insurance policy that would GUARANTEE us a handsome retirement, etc. At the time, interest rates were sky high, with CD's paying 13 percent, believe it or not, and they obviously based the projected returns on the idea that those rates would continue forever.

We bit and started paying a new higher premium.

Several years later, we received notice of a class action suit against Prudential! After several rounds of filling out forms, we were repaid all we had put in and escaped.

Not saying this is the same thing, but all the people on here have said similar things: GO AWAY! Don't assume that these "advisors" know what they are talking about, or, if they do, are even telling the truth.

There are equities and other instruments that YOU can get on your own that will pay you 6 percent or more! For example, we have a number of shares of AT&T (stock symbol T), and now enjoy the quarterly dividend checks we get that total better than 6.4 percent per year! No advisor fees, no fees of any kind -- just a check! When we were younger, we let the dividends simply accrue and buy more shares. It's a choice. There are other equities that pay well, too. My advice, however, is to NEVER put all your money into any SINGLE place.

Do your own research, learn, and perhaps you can do well on your own.

Good luck.

RetiredVermonter