Tuesday, September 18, 2007

More News and Views to Use

BARRON'S says Annuities might not be a bad idea in these turbulent times...


Weathering the Storm in Style



more than the prospect of his nest egg
developing a crack shortly before or after his
retirement is set to begin.

Many 50-somethings recall vividly the horror stories of the
last market meltdown,
from 2000 to 2002: the colleague who had planned to retire
in two years, then had to face the prospect of toughing it out
another decade; a golf-playing buddy who had to cancel plans
to move to a golf community in Arizona; a friend of a friend who
was forced to go job-hunting shortly after retiring and ended
up working as a Wal-Mart greeter. And all because the stock
market's implosion made their nest eggs 25%, 30% or even
40% smaller than they had been on the dayretirement started.

(continued at:


INVESTMENT NEWS online reports:

Fixed annuity sales drop 9.2%
By Aaron Siegel
September 17, 2007
Sales of U.S. fixed annuities stood at an estimated $16.4 billion in the second
quarter, 9.2% lower than the same period one year ago, according
to the Beacon Research Publications Inc. ...
(read more:http://www.investmentnews.com/apps/pbcs.dll/articl

What is New in Free Lunch Scams?

Regulators find fraud in seminars for seniors. According to the SEC,

"75% of the nation's consumer financial assets, valued at $16 trillion, are held by
households headed by someone who is 50 or older.

Within the next 20 years,75 million people will have celebrated their 60th
birthday. Because these "senior investors" are a growing segment of investors,

financial services firms are increasingly focusing their marketing and sales of
investment products towards the senior investor or those investors nearing
retirement age." I am shocked that to find practices of fraud in our
financial services firms. Shocked. From BIZOP news- which is, by the
way a pretty good due diligence website.


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