Annuities are a devilish conundrum faced by most investors. John, at seventy years of age bought an Immediate Annuity paying 10% per year. This is really a great deal he thought, until his friends pointed out that his real return was negative. He was actually losing money. How could that be? It is one of outcomes of the obscenely complicated Annuity structures. This Micro Book describes that common scenario, and other sleight of hand gimmicks often used by the insurance companies writing annuities.
Those very, very few who can actually be helped by an annuity are discussed. This Micro Book is a good preparation for a meeting with an annuity salesman.
Those very, very few who can actually be helped by an annuity are discussed. This Micro Book is a good preparation for a meeting with an annuity salesman.
