If you ever even think of buying a Variable Annuity you may save thousands of dollars if you talk to me first. Investment performance for the last year - zilch and I can't get out of the contract without a sizeable penalty.
Get a securities attorney, not a financial "consultant", to help you read the fine print.
P.S. My orignal Variable Annunity "salesman" recently declared personal bankruptcy.
2 comments:
Merle, I'm surprised someone with your financial acumen would have bought an annuity in the first place. I guess we all make mistakes :)
Jon,
Tell us about your mistakes. Broker "guaranteed" a 20% return just like he said he made for all his other clients.
Trust, you know.
He declared bankrupty last year. His company, then American Skandia, then Prudential, lied also.
Sucker me. You are right.
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