Wednesday, July 19, 2006
Why you shouldn't get financial advice from a magazine
Don't bother with the article.
Read the comments.
Yes, they're largely written by annuity salespeople with a vested interest in the product. They're also right.
Ms. Bremmer is clueless. She doesn't grasp the concept of annuities as a risk management tool (as opposed to an investment), and doesn't grasp that 401ks and 403bs are NOT "alternatives" to annuities. You can put an annuity within one! As a matter of fact, much if not most of the assets within 403bs especially are annuities.
Naturally, she's written for the New York Times.
Oh, and a couple of books.
More people ought to be buying annuities, not fewer!
What an embarrassment!
Splash, out
Jason
Comments:
Post a Comment
Read the comments.
Yes, they're largely written by annuity salespeople with a vested interest in the product. They're also right.
Ms. Bremmer is clueless. She doesn't grasp the concept of annuities as a risk management tool (as opposed to an investment), and doesn't grasp that 401ks and 403bs are NOT "alternatives" to annuities. You can put an annuity within one! As a matter of fact, much if not most of the assets within 403bs especially are annuities.
Naturally, she's written for the New York Times.
Oh, and a couple of books.
More people ought to be buying annuities, not fewer!
What an embarrassment!
Splash, out
Jason
