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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 Donhoff
Leverage Planner
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