I also am pretty negative on eating lots of fast food, but some people tell me they have very satisfying meals at a fast food joints.

Glad the annuity worked out for you. Despite your experience, I still believe that annuities are sold, not bought. I have found more folks who have been ill-served by annuities, especially older folks who find out after the fact the annuity is not as liquid as they need. Also, the fees on annuities, for the most part, are egregious. The $400K you put in the annuity probably earned your advisor between $25,000 to $40,000. He would receive that whether the product served your needs or not.

Occasionally, I will look at using annuities if a client is stuck in one or are in a litigious practice such as medicine, but even then I use a Vanguard or Ameritas product as it strips out the commissions and puts more money in the client's pocket.

All my best,

Also, you assumption that your money would have been flat with me is presumptuous. I entered the business in 2002. Since that date, I have had one down year, 2008, and that was an average of only 10%.

I also am pretty negative on eating lots of fast food, but some people tell me they have very satisfying meals at a fast food joints.

Glad the annuity worked out for you. Despite your experience, I still believe that annuities are sold, not bought. I have found more folks who have been ill-served by annuities, especially older folks who find out after the fact the annuity is not as liquid as they need. Also, the fees on annuities, for the most part, are egregious. The $400K you put in the annuity probably earned your advisor between $25,000 to $40,000. He would receive that whether the product served your needs or not.

Occasionally, I will look at using annuities if a client is stuck in one or are in a litigious practice such as medicine, but even then I use a Vanguard or Ameritas product as it strips out the commissions and puts more money in the client's pocket.

All my best,

Also, you assumption that your money would have been flat with me is presumptuous. I entered the business in 2002. Since that date, I have had one down year, 2008, and that was an average of only 10%.