Sunday, April 13, 2008

BEWARE! Equity Indexed Annuities are a RIP-OFF!

At least if you need quick access to your money. Most Equity Indexed Annuities tie up money for 10~20 years and charge exorbitant fees for any withdrawal at rates of 10~18% !!!! For more info, check out NBC's Dateline investigation. Pretty scary!

One funny episode was during the first undercover interview where the hidden microphone fell out into plain view.

Be careful out there!

Lust rating: NEVER!!

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