No. of Recommendations: 1
TTR:

My comments were aimed at the original poster, who appears to be:

A) Not well-informed by her "advisor" as to what this product is or why she might need it (can you hear the alarm bells yet?)

B) Suspicious enough to ask on this site (rightly so, IMO)

C) Apparently about to be lead out to the woodshed by an advisor eager to sell her a high commission product

If she really needs a fixed annuity, then let her buy one from a competitive source. If, OTOH, she really needs a variable or equity indexed monstrosity, then she should at least know what it is and why she needs it. The fact that she doesn't understand the product or why she needs it is a clear sign that (at best) the advisor isn't doing a very good job.

Just a brief question: Are you an advisor/planner/broker/insurance salesperson? No insult or shading intended, I'm just curious.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.