No. of Recommendations: 1
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
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement