Fast Eddie:

[quote=Incredible Hulk]Care to wager which wins the next decade Bobby?[/quote]


Based on how f***ed up things are and the fact that they will never be returned to their original condition, I’m going with index annuities. I think equities are wonderful for people who don’t mind risking their money and who don’t care about not losing a penny of principal. In fact, I don’t even mind explaining to people that the difference between me and their current broker is that he believes in risking people’s money and I don’t. If someone wants risk and the ability to lose money, they will hate index annuities.

Thanks for asking.

  Let's hope that you are wrong for everybody's sake.  If we have another bad 10 years, we may have some insurance companies that are going to have trouble making good on their promises.

"There is no asset category that outperformed them. We were extremely surprised, really just amazed," says David Babbel, professor emeritus of insurance and risk management (at The Wharton School, University of Pennsylvania) who conducted a study of equity-index annuity returns beginning in 1995.   (What in the hell am I doing supporting Bobby's position? )

Fast Eddie,

You've just given my reasoning to clients for indexing...almost, about the same way you talk to yours about indexed annuites.  I do explain to them that they will have to pay taxes on capital gains and dividend distributions.  In situations it might be more beneficial than paying ordinary income tax upon withdrawal.  I also explain to my clients the step-up in cost basis upon their death if they are desiring to pass assets on to their heirs. 

I'm not saying they are bad or that everyone who sells them are bad.  I'm just saying that some people don't explain them very well.  They're probably the ones that sell the annuities that pay 12% or more. 

[quote=jkl1v1n6]

Fast Eddie,

You've just given my reasoning to clients for indexing...almost, about the same way you talk to yours about indexed annuites.  I do explain to them that they will have to pay taxes on capital gains and dividend distributions.  In situations it might be more beneficial than paying ordinary income tax upon withdrawal.  I also explain to my clients the step-up in cost basis upon their death if they are desiring to pass assets on to their heirs. 

I'm not saying they are bad or that everyone who sells them are bad.  I'm just saying that some people don't explain them very well.  They're probably the ones that sell the annuities that pay 12% or more.  [/quote]

Be careful....most of the CG/Div distributions are short term and are taxed at the ordinary rate. Don't get yourself into trouble with your advice.

[quote=] [quote=jkl1v1n6]

Fast Eddie,

You've just given my reasoning to clients for indexing...almost, about the same way you talk to yours about indexed annuites.  I do explain to them that they will have to pay taxes on capital gains and dividend distributions.  In situations it might be more beneficial than paying ordinary income tax upon withdrawal.  I also explain to my clients the step-up in cost basis upon their death if they are desiring to pass assets on to their heirs. 

I'm not saying they are bad or that everyone who sells them are bad.  I'm just saying that some people don't explain them very well.  They're probably the ones that sell the annuities that pay 12% or more.  [/quote]

Be careful....most of the CG/Div distributions are short term and are taxed at the ordinary rate. Don't get yourself into trouble with your advice.
[/quote] Look who's  talking. They turned you into a troll and deleted your other topic.

[quote=JAXSON][quote=] [quote=jkl1v1n6]

Fast Eddie,

You've just given my reasoning to clients for indexing...almost, about the same way you talk to yours about indexed annuites.  I do explain to them that they will have to pay taxes on capital gains and dividend distributions.  In situations it might be more beneficial than paying ordinary income tax upon withdrawal.  I also explain to my clients the step-up in cost basis upon their death if they are desiring to pass assets on to their heirs. 

I'm not saying they are bad or that everyone who sells them are bad.  I'm just saying that some people don't explain them very well.  They're probably the ones that sell the annuities that pay 12% or more.  [/quote]

Be careful....most of the CG/Div distributions are short term and are taxed at the ordinary rate. Don't get yourself into trouble with your advice.
[/quote] Look who's  talking. They turned you into a troll and deleted your other topic. [/quote]   That's true for the cap gains if they are short term but aren't the div's maxed at 15%?  And you are absolutely 100% correct I should not be giving tax advice.