Hi AJ,YMMV - it may be that this was just a salesperson spouting the line he had been taught. Yeah... sounds like complete smoke to me...But annuities are complex enough that I suspect that many people selling them don't completely understand them, so having a salesperson that does this is probably not uncommon. I'm sure you are right on that.In the OP's case, since his friend was insisting that there was 'no risk', I would suggest that the OP's friend was spouting the line he had been taught. Very likely... I agree.Dave DonhoffLeverage Planner
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