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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: fahrenheit451 who wrote (22951)	8/3/2006 9:50:49 AM
From: shres	Read Replies (1) \| Respond to of 42834

Rande pitches annuities for Chuck Schwab... Fah, says of Rande... "I believe he is a vice president which is the same title your hero Bob Brinker had at the bank." Well Fah, personally my favorite VP is Spiro Agnew who is writing a newsletter BTW. Rande always prided himself on passing out free valuable information. I never remember him recommending annuities before he left KPMG in a rush and joined Schwab. He now says they're a pretty good deal unless you drop dead the next day. "The main attraction here is that you're looking to produce a monthly cash flow you cannot outlive," says Rande Spiegelman, vice president of financial planning at the Schwab Center for Investment Research. (Schwab sells annuities.) "The potential drawback is you drop dead the very next day." Because of that, Spiegelman says you shouldn't invest all your retirement funds in a fixed annuity. Instead, he recommends committing 25 percent to 30 percent to an annuity if you need the reliable income when you are 65 to 70 years old.