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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Stoctrash who wrote (5620)2/17/2002 9:20:13 PM
From: Augustus Gloop  Read Replies (1) of 33421
 
One problem with an annuity is the old vs. New money rate. Today you may be able to get a client say a 5% return. That money becomes "old money" in 12 months and then watch the return! Many policies will have a guaranteed minimum but its pretty hard to explain why a person is now earning 3% after buying that 5% rate. Also...if we see rate increases the Annuity will not move as high as fast. This leaves you in a situation where you either sit at a less than competitive rate or take a surrender penalty and roll the money. Watch for companies that offer a bonus on the deposit too. Although it looks attractive its just another gimmick. Never do business with a company who is buying business. In the end you will come out the loser - ALWAYS.
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