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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: Did my parents get burned? Date: 9/10/2003 7:42 PM
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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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