Annuity Misinformation

December 27, 2008

Here is a question I received and replied to for the FPA. A consumer's mother was told an investment in their annuity could get 12%... 12%!!!!

 

At the very least - that was her interpretation. That was the number that stuck. It's possible that was a misinterpretation of an idea that was being presented. But even so, it was one that only occurred due to too little explanation and education.

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