No. of Recommendations: 1
brewer12345, writes:

<< OK, I'll say it since nobody else will. Run. Run far, far away from this "advisor". He is trying very hard to feather his nest at your expense while giving you very little in return. >>

Hmmmm??? How can one come to such a conclusion with so little information . . . .particularly about the advisor and what the issues are?

. . . . . so much for a rational response, huh?

<< EIAs are messy, >>

Messy??? Guess it depends on what one means by “messy”.

<< complex, >>

Hmmmm??? Certainly more “complex” than a regular annuity .. . . but not as “complex” as variable annuities – particularly not for the annuity owner.

<< high fee vehicles >>

Hardly! Sounds like one is confusing EIA's with variable annuities.

<< ……. that have been surrounded by questionable (and sometimes illegal) sales practices pretty much from their start. >>

No more than any other type of annuity. When EIA's came out a few years ago, information as to how they actually work and what one could expect from them compared to other annuities what somewhat uncertain for many advisors and salespeople. That's not so unusual when a new type of product is developed and put into the marketplace.

This is such a broad brushed statement and appears meant to be more inflammatory than express the real facts.

<< If you really want an advisor, find someone who is fee-only, not tied to any company that offers its house brand of financial instruments, and comes with good references. >>

Fee-only advisor is a good way to go . . . . DEPENDING on just what kind of advice may be needed/wanted. One might wind up paying out more than they need to in order to get advice that is appropriate. And getting “good references” is an excellent recommendation when looking for ANY advisor . . .whether fee-only or otherwise.

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