An annuity contract's maturity date or annuity date is the most misunderstood contract provision. Originally posted by Gary Spicuzza on December 6, 2006 Here’s what attorneys claim: “Agents seek out the elderly, because in most cases the annuity's maturity date is beyond the buyer's actuarial life expectancy.” Here’s what stock brokers and bankers claim: "You have to lock up your money for longer than you’re supposed to live." Here's what news media claims: "Trish Regan, (CBS news), reports on how some retirees are being tricked into buying long-term annuities that won't pay off until long after they're dead.” The above statements are absolutely FALSE. The Flexible Premium Deferred Fixed Ann
“The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge.” - DANIEL BOORSTIN ECONOMY ADDS 157,000 NET NEW JOBS Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a combined 59,000, bringing average monthly job growth over the past three months to 224,000. Even with fewer hires, the headline unemployment rate ticked down to 3.9%, and the U-6 rate (factoring in underemployed workers) dropped 0.3% to 7.5%, underneath where it was in July 2017. Last month, wages had improved 2.7%, year-over-year.1 GOOD NEWS FOR CONSUMER SPENDING AND CONSUMER CONFIDENCE Perso
