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

To: shres who wrote (22973)	8/3/2006 10:04:57 AM
From: Kirk ©	Respond to of 42834

"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." Rande was recruited by Schwab about the same time they hired Liz Ann Sonders. Annuities can be a great thing under some circumstances. For example, if you are the parent of a mentally disabled child who you don't want to trust managing money after you die, then an annuity is a great idea. It is probably cheaper than paying a guardian to administer the money to provide for their lifelong care. Likewise, if you have children who spend, spend, spend and you think they could spend an inheritance on gambling trips to Las Vegas or on drug, gambling and alcohol problems after you die then an annuity is a good way to make sure they have monthly income after you die. If you are good at managing your own money, then an annuity is usually better for the agency selling it.