No. of Recommendations: 0
jesserivera67: "I thought you all might enjoy this...the guy knows I'm asking questions regarding specifics of the contract and about fees...his comment, "...only 1 in 100 people understand annuities..." at the end particularly entertaining...he won't even divulge the damn fees!"

While I agree that he did not answer all your questions, you received a better response that I antipcated upon hearing that it was an IDS?American Express representative. The handful I have met would not have close to as much informatin as you received.

By my calcuation $425/$200,000 = .002125 or .2125% which is far less than the typical 1% management fee that seems common or even the .5% fee for who have realized customer sensitivity to fees.

When is the meeting? And will you discuss the results?

Regards, JAFO

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