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
green cleaning service Park Ridge ..The cries are heard from the distance, "I need help... Read More
The judge had to ask the question, and we had... Read More
Today many women are struggling with debt and it's even... Read More
At a time when the entire world's attention is focused... Read More
Just about everyone has a checking account. Checks present easy... Read More
Frugal living is more than a lifestyle. It's a passion.... Read More
Today I passed a thermometer at a bank that read... Read More
Things are so expensive these days. We seem to be... Read More
I have been a loyal user of Quicken(R) for more... Read More
You have probably accomplished a great deal with your life.... Read More
Have you ever stopped to think about how your "mood"... Read More
With prices increasing all the time, saving money can be... Read More
The gas that we fill our tanks with every week... Read More
On the other hand, there are those people who are... Read More
The first step to financial success lies in knowing your... Read More
Most consumers are aware of the importance of their credit... Read More
If you have a 401(k) account, it can be very... Read More
Identity theft is a serious crime that continues to grow.... Read More
Whatever your reason for having a tight budget, the truth... Read More
Saving for a Down Payment is hard work, so it's... Read More
Shopping for groceries is an inevitable fact of our ever... Read More
Would you know what to do if you suspect that... Read More
Debt levels are at an all time high in the... Read More
Millions of people have a checking account and many people... Read More
Women have a love/hate relationship with money. Most of us... Read More
cleaning help near Bannockburn ..Most of us, especially those of us who have debtor's... Read More
While 40% to 50% of us make New Year's resolutions... Read More
On the other hand, there are those people who are... Read More
Each of us knows how to spend money, but do... Read More
Future financial success is not a guarantee that any one... Read More
Today many women are struggling with debt and it's even... Read More
You no longer look at the pictures of homes cause... Read More
Your boss has just informed you that your department is... Read More
Sticking to a budget can be difficult, but with so... Read More
So, you've made the decision to apply for a credit... Read More
The first step to financial success lies in knowing your... Read More
Many people graduate from college owing thousands of dollars in... Read More
With almost two thirds of university entrants from England and... Read More
Next to our physical health most of us are primarily... Read More
Traditional checks probably won't disappear anytime soon, but processing checks... Read More
Now that we are in the month of June I... Read More
Are your financial muscles well toned and healthy or flabby... Read More
With the advent of the internet and especially auction services... Read More
It is estimated that we, as consumers, waste an average... Read More
Are you interested in saving money off your grocery bills?... Read More
When you received an energy (heating) bill last winter, were... Read More
You should thoroughly consider your business needs when selecting a... Read More
If you've been to a shopping mall lately, you've probably... Read More
The price of gas continues to climb, and with continued... Read More
Debt levels are at an all time high in the... Read More
Personal Finance |