The cries are heard from the distance, "I need help with my annuities." Nothing has changed...just a lonely senior who can't trust anybody with her annuity because every time she asks for advice, someone tries to make her invest in a different annuity...Sound familiar? Well you are not alone.
Often times when speaking to a senior about their annuities, I ask them their biggest complaint. Time and time again they say that it is hard to find someone who can help them with their annuity without trying to sell them another one. It is not uncommon. The truth of the matter is, many annuity agents are not out to help the client, but to help themselves (I am sure you are not surprised). They want to make the "fast buck" without regards for the client's needs or investment objectives. The unfortunate part is that, this isn't going to change.
Honest help with an annuity is hard to find. Insurance agents don't get paid for their time, they usually only get paid for making a sale. So it's no wonder why they always recommend another annuity. I once visited someone who needed help with an annuity that an agent "talked him into." The problem was, in order to get into this annuity, the agent talked him into surrendering his old annuity and paying a $13,000 surrender charge to do so-AND THE ANNUITY HE PUT HIM INTO WAS WORSE THAN THE ANNUITY HE GOT HIM OUT OF...When I asked him why he called the other salesperson in the first place, he told me he just needed to make a small withdrawal from his annuity and didn't know how...And the agent tricked him into switching it into another annuity and paying a huge surrender charge which he could never recover due to his age...Fortunately it wasn't too late and we were able to reverse his transaction.
However, good help is hard to find. There is no doubt. This may come as no surprise but my recommendation to anyone who needs help is to first purchase the book "Annuities: The Shocking Truths Revealed." Sure, I wrote it and sure I have a vested interest in saying that, but at least it talks about annuities in a way that anyone can understand them. And at least it points out all the things people who own annuities or are looking for annuities need to be careful of. Most importantly, it points out the dirty little secrets that agents never tell you about annuities.
The bottom line is this. If you need help with your annuity, you need to be vigilant. Many agents are out there for their own good and you must be aware of this. Utilize your resources and learn the right questions to ask your agent before making a decision (Also found in the book). Sure, you may just give up and never get help but the worst decision is no decision. Help with your annuity is hard to find, but not impossible...that's why I wrote the book!!! Good luck and remember...
Ignorance is not bliss...
Tony Bahu is also the author of the controversial document, 'Annuities: The Shocking Truths Revealed', which reveals the secrets that the banks and insurance companies don't want you to know. For more information visit http://www.annuitymd.com
Mercedes Benz s500 rentals Salem ..Has anyone been to the gas pumps lately? Soon $3... Read More
I thought I was through with exams when I finished... Read More
Next to our physical health most of us are primarily... Read More
If You Have an Existing Account and 5 Minutes, You... Read More
If you are the normal consumer, then you've probably experienced... Read More
Car donations and used car donations are the way many... Read More
For most of us the process of getting out of... Read More
If you've been to a shopping mall lately, you've probably... Read More
Are you having problems with debt? Are you afraid to... Read More
I've been going through and interesting growth period lately that... Read More
Recent findings from the Educational Policy Institute indicated that the... Read More
Those who keep a watchful eye on where their money... Read More
Saving for a Down Payment is hard work, so it's... Read More
Frugal living is more than a lifestyle. It's a passion.... Read More
Of course, these don't have to be done in any... Read More
I'm still amazed every time someone comes to me complaining... Read More
Now that we are in the month of June I... Read More
Did you have a piggy bank when you were a... Read More
Debt levels are at an all time high in the... Read More
With prices increasing all the time, saving money can be... Read More
This investment retirement account (IRA) is useful to you as... Read More
Recent security breaches at several credit card companies continue to... Read More
Have you ever thought about what you are going to... Read More
Saving money is not easy and is made more difficult... Read More
Chapter 7The potential chapter 7 debtor should understand that a... Read More
Dowagiac cheap limo service ..Does it feel like you have to be Sherlock Holmes... Read More
If You Have an Existing Account and 5 Minutes, You... Read More
There have been an estimated 9.9 million victims on America... Read More
Traditional checks probably won't disappear anytime soon, but processing checks... Read More
Did you have a piggy bank when you were a... Read More
Are you interested in saving money off your grocery bills?... Read More
We live in a crazy world. Someone ought to sell... Read More
Can you really afford a house? If so, how much... Read More
As a parent you are bound to face a few... Read More
Frugal living is more than a lifestyle. It's a passion.... Read More
Recently, many of these loyalty rewards programs have come to... Read More
Those who keep a watchful eye on where their money... Read More
Shopping for groceries is an inevitable fact of our ever... Read More
If you've been thinking about filing for bankruptcy, your best... Read More
Sorting out your personal finances can be a tricky and... Read More
Australians, in general, constitute some of the worst savers in... Read More
The Check 21 Law is the new federal law for... Read More
Has anyone been to the gas pumps lately? Soon $3... Read More
1. If you have your haircut every 3 weeks, try... Read More
At a time when the entire world's attention is focused... Read More
With interest rates being at an all-time low, I can... Read More
The judge had to ask the question, and we had... Read More
Christians are called to be good stewards of God's resources.... Read More
You've analyzed your past expenses, put them into spreadsheets, loaded... Read More
Between 15 - 20% of people in our country (UK)... Read More
Personal Finance |