Thread: The Great Annuity Rip-Off

Boys-

Calm down please, let's keep things civil.

Please use your "indoor" voices now.

Thank you.

Originally Posted by ChemEng

So why dont you answer the question directly then?

The question on the table is how is the 3% fixed annuity that *you* sell a "SAFE" investment in a 4% inflation environment? Somehow in that mess of a message, you managed to avoid answering that simple question...

Gary Spicuzza admits that annuities are a poor tool when inflation is figured in, but he still wants to sell them. LIkely, this is his only income and he is bound to try to meet the monthly bills by marketing this stuff. So, to admit the truth would leave him no defense for doing what he does.

He doesn't like your questions, because his own answers reveals the truth.

Annuities are just really poor tools for investment, and really expensive tools for insurance.

Chem, after reading other forum boards, we know that Gary will never give up the goods. It's just one chart after another showing the same information, and he is the only one that either cannot or will not see the truth.

Ultimately he keeps going until he gets banned from a site, which must make him feel victimized and justified, which is probably what all this really is about...

SkyPilot, before I move on to Variable Annuities, I'd like to read your intelligent comments regarding "SOME" of the earnings potential in a FIXED Indexed Annuity.

Please advise the General Public who pour billions of dollars into FIXED Indexed Annuities EACH YEAR EXACTLY what's wrong with receiving, {[strings attached], a 7% up front interest premium bonus} on their savings and then receiving an additional 16.54% interest on the entire balance after one year WITHOUT risking one penny of principal with the day traders playing stocks like a flea market swap meet.

Im not going to even respond to Gary's inflation post. Its painfully clear what his intentions are and what his education level (academic or otherwise) isn't.

FWIW-- garyspicuzza's posts on TSPTalk has just moved up to #5 on google. People need to see just how uninformed the average insurance product salesmen are.

And yet, we fed his need through our contineuos participation in this
thread. We stand tall and steadfast to correct his errors, in hopes to
achieve, what can be done with a click of our mouse. Some don't just
love feeding the animals. Some love to feed themselves, which in turn,
ultimately ends up feeding the animal anyway. Ok, I'm full ! Have fun !

Originally Posted by squalebear

And yet, we fed his need through our contineuos participation in this
thread. We stand tall and steadfast to correct his errors, in hopes to
achieve, what can be done with a click of our mouse. Some don't just
love feeding the animals. Some love to feed themselves, which in turn,
ultimately ends up feeding the animal anyway. Ok, I'm full ! Have fun !

I think I agree with what it is I think you said

People he is a SALESMAN tryin to make a living arn't we all? If you learned anything on this thread, this is exctly why we are here. bring on the next one!!! Attachment 3986

ChemEng, squalebear and SkyPilot:

...Foxxx News Alert...



On the TSP Talk Forums there is a forum catagory titled "Retirement Planning" and under that heading there is a sub-forum titled Annuities.

Have I posted in the wrong section?
Did you know?....

ONLY a Licensed Insurance Agent can sell an annuity upon whatever form.

The best source of information on annuities would be from someone who actually knows what they are talking about regarding specific contract provisions and more importantly it is imperative the General Public understand that a [Traditional FIXED Annuity] IS NOT THE SAME AS A [Fixed Indexed Annuity] WHICH IS NOT THE SAME AS A [Variable Annuity] AND NONE OF THE ABOVE ARE [Immediate Annuites].



...End of Foxxx News Alert...

Okay, where was I?

Yes, I remember, moving on to VARIABLE Annuites.

Now before I go off on an Internet rant on THE infamous BLOATED PIG WITH LIP STICK, known as a Variable Annuity let me say I've seen Variable Annuities that are actively managed by sharp brokers that have performed EXTREMELY well.

A Variable Annuity is an INVESTMENT in mutual funds, bonds and other stock market products then wrapped in an annuity contract. The cash value is subject to the direct upside potential of the market AND ALL the direct downside of the market.

THEY are NOT a SAFE money savings instrument like a bank CD or a U.S. Savings Bond or a Money Market account or a Traditional FIXED Annuity or a Fixed Indexed Annuity.

Variable Annuities violate the fundamental aspect of "Safety of Principal" that is inherent is ALL annuites EXCEPT VARIABLE Annuites.

Remember my statement above?

ONLY a Licensed Insurance Agent can sell an annuity upon whatever form.

While that statement is absolutely true, Insurance Agents DO NOT sell VARIABLE Annuites.

Variable Annuities are sold by the securities industry Registered Representatives who HAD to obtain a Life and Annuity Insurance License to be able to sell THE infamous BLOATED PIG WITH LIP STICK, known as a Variable Annuity.

Guess who SELLS the most annuities nationwide?

Well.... it's the day traders playing stocks like a flea market swap meet with your money.

See 2007 annuity sales graphic below:

Originally Posted by nnuut

People he is a SALESMAN tryin to make a living arn't we all? If you learned anything on this thread, this is exctly why we are here. bring on the next one!!!

Norman, its not too often that I disagree with you, but I do (just a little)
non the less. I make a living by working for the Federal Government. My
goal in coming here is two fold. I try to improve my retirement outlook
while trying to help others. In fact, that's what makes this website so
unique. It's membership unselfishly tries to do both without asking for
anything from anybody. Even those members who eventually went on
to offer services for a fee (ie...Ebb...etc) gave freely of themselves
and there systems without asking for a thing. I do understand that this
jewel of ours is open to the public and everyone has a right to write
what they want. However, if the intent is to sell a product, create
controversy for exposure, all in the name of making a living, I believe
there are better suited websites out there to meet his need to produce
income. Of coarse, if Tom wants to charge Gary a 10% user fee for
operating a business within this domain, I certainly wouldn't blame him.
Still, he has a right to be here, to write what he wishes and respond as
he sees fit. Ultimately it's up to me, you and the other TSPtalk members
to decide if they wish to participate in this thread. Should that be their
decision, then by all means, do so with respect. (Originator Included).

You got my attention with the pictures, then you lost me with the
words. I'm done, Good Luck In Your Endevors Gary, what ever they be.

Originally Posted by squalebear

You got my attention with the pictures, then you lost me with the
words. I'm done, Good Luck In Your Endevors Gary, what ever they be.

Am I allowed to say sex sells?