No. of Recommendations: 2

<< Actually, your profile doesn't say that much about what you do, that's why I asked. I included a qualifier about asking because its easy for questions or remarks on an electronic forum to be misinterpreted, and I had no intention of starting a pissing contest over silly stuff. >>

Fair enough.

<< FWIW, I have a fundamentally different take on annuities than you do, and its highly unlikely that you will be able to convince me otherwise. >>

To be sure. ;-) For the most part, it's not my intention to convince anyone one way or the other as I find a forum like this not a suitable place for such exchanges. As you say, it's too easy to be misinterpreted. So I try to present helpful information (“just the facts mam”) in the areas I'm most expert at AND try to stay far away from making opinionated comments.

Interestingly, I've found in forums like this that opinionated comments and advice tends to be the most popular.

<< That's OK; we can certainly agree to disagree as far as I am concerned. >>

As far as having opinions on issues . . . I'm OK with that too.

<< I'll allow that there are some situations where annuities make sense, but such situations are not anywhere near as widespread as the industry would suggest. >>

I would argue that the facts WOULD support that. After all, “the industry” is trying to SELL their products just like any industry would.

<< Oh, and I am quite well aware of what EIAs are and how they work. As an industry analyst, I am painfully conversant with the products and players in this arena. >>

I find this very interesting. And I might point out that I am well aware that there are others (not “most”) “in the industry” who don't care for or find much use for annuities. Certainly, they're not for ALL people nor can be worked into ALL situations. So, it really doesn't surprise me, especially for someone who's an “industry analyst”, that you would have a fundamentally different take on annuities.

But with you're rather unique access to “the products and players in this arena”, it would be very helpful and interesting to know the facts you use to support opinions such as “EIAs are messy, complex, high fee vehicles” and references such as “equity indexed monstrosity”. I would particularly be interested in such facts as I don't know everything on such things and am therfore open to learning all I can. After all, opinions are only as good as the facts that support them . . . huh? ;-)

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