Posted on Aug 13, 2012 in Annuities
, Retirement Planning
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In today’s low interest rate environment, anything above a 2% return sounds pretty good, and if you can find something that “returns” a “guaranteed” 7.58%, that’s great, right?
I saw the title of this blog post in an ad for an immediate annuity. For those of you familiar with immediate annuities, you’ll know what care the ad’s author has taken to make sure the 7.58% “solution” sounds attractive (like a rate of return?) while not being shown, deceptively, as a “return”. The solution? Call it a...