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In Reply to: Re: Re: variable annuities posted by jaxxx on November 20, 2003 at 20:37:50: Jaxxx, Well, you know as well as I do that everyone is entitled to their own opinion. = ) I'd definitely be interested in listening to your opinion as to why a VA is suitable for a senior citizen. Of course, we should both agree that it's improper to make a judgment one way or another with only knowing such limited information as "are variable annuities a smart investment for an 80-year old." That is precisely why I said "without knowning any further information" and "typically not suitable" in my original response. More or less, I meant that 9 times out of 10. Perhaps this case is the exclusion to the rule, I don't know. Nevertheless, I'd still like to hear your explanation if you have the time to present it. Since I'm a "fool" that hasn't "learned anything since the last time [you] read my post," perhaps you can correct me. Thank you : Todd: : I see you haven't learned anymore since the last time that I read your post. : You say no one retired should have a VA?? : What a fool! : : : Retirees need stable/fixed income products. However, I will say this...IF the 80 year-old doesn't need the money to live on and this VA would just be an investment to leave the money to his/her heirs, there are MUCH better ways to go about it! If you have someone that's trying to sell you a VA for your 80 year-old spouse, partner, grand parent, etc... you might want to consider contacting the SEC and the State's Dept. of Insurance and reporting that individual for unsuitable sales. : :
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