tag:blogger.com,1999:blog-8507267003129255315.post5178886785208741236..comments2024-02-05T01:08:25.857-08:00Comments on Krazy Economy: Treasury Grab of Retirment Assets: So FarC.W.http://www.blogger.com/profile/16478139107745117649noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8507267003129255315.post-88152508901694071612011-11-15T15:25:07.709-08:002011-11-15T15:25:07.709-08:00I wonder who Mike is. It seems that he has someth...I wonder who Mike is. It seems that he has something to do with the insurance industry. Now, I'm not saying that is a bad thing in that I was connected with the insurance industry for about 20 years. But, and that is meant as a big "but", I never recommended and would not recommend a fixed annuity in the US economy as it presently exists. Why? Because a fixed annuity, after taxes (when it is redeemed or paid out) and inflation is a guaranteed loss. There is practically no result, when there is price inflatiom and taxes, for a fixed annuity to have a positive return. Sorry.C.W.https://www.blogger.com/profile/16478139107745117649noreply@blogger.comtag:blogger.com,1999:blog-8507267003129255315.post-56971056661559677872011-11-09T09:02:18.774-08:002011-11-09T09:02:18.774-08:00With this crazy economy people say that a fixed an...With this crazy economy people say that a <a href="http://www.jgwentworth.com/annuity/sell-annuity.aspx" rel="nofollow">fixed annuity</a> is still the safe way to go.mikehttps://www.blogger.com/profile/04987580384132037643noreply@blogger.com