Monday, October 24, 2011

I'LL TAKE SOCIAL SECURITY ANY DAY ...

From Senior Annuity Alert. Underline and italics are mine. This is classic ...
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The purpose of an annuity
... The purpose of an annuity is always income, whether you need money now or, in the future ... The added security is that it gives you a way to get the income you need knowing it will never run out ...

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So far so good, right? OK, now for the fine print at the bottom ...

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NOT FDIC INSURED. NOT BANK GUARANTEE. MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL. NOT INSURED BY ANY STATE OR FEDERAL AGENCY.
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Take away all the bailouts, Fed money dumps, and other favorable legislation that subsidize our markets and, really, what do you have left? I'll take all comers that want to compare annuities to Social Security.

- Mark
 

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