tsmithson1 (December 31, 1969 at 6:59 pm)

You are a complete idiot that is perpetuating inacurate information.First, how the hell can you ilustrate at 10%. That is pie in the sky garbage.Secondly, If Carl and his wife had taken your advise they would be going back to work, reducing their lifestyle, downsizing, etc. Instead they did the right thing, "Protect their LIFE" not just their money.You don't have a single product that guarantees the investory won't outlive their money.

carljaegger (December 31, 1969 at 6:59 pm)

You seem to go around bashing annuities. I put $400,000 into an annuity 10 years ago at the advice of my advisor. The market has been flat, but with the 7% step-up each year I have doubled my income base to $800,000. Now, my wife and I get $48,000/year for life. If I used your advise I would be drawing $48,000 from 400,000 and would run out of money by my early 70s. You are very negative on a product that has brought my wife and I great piece of mind.