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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (7024)	12/31/2010 7:19:06 PM
From: Steve Felix	Respond to of 34328

Hey buddy, it's just my opinion, which puts insurance salesmen ( agents? hehe ) right in there with used car dealers. You put your money down and spin the wheel. Current Money also has an article on indexed annuities. Just a few points: "In 2008 one of every three fixed annuities ( which includes indexed annuities ) sold replaced an existing annuity.....For example, in 2009 American Equity Investment Life, which does 92% of its business in index annuities, collected $63 million in surrender penalties - equal to more than half its $101 million operating income." Salesmen.