WHAT is this based upon?
May 7, 2024 by Sheryl J. Moore
“Knowing whether your financial advice is coming from a trusted professional or someone akin to a car salesman may soon become easier.”
How do you feel about their analogies? Click HERE to read The Final DOL Fiduciary Rule Has Arrived. Here’s What It Means for Investors via Morningstar
Sheesh. Talk about out-of-touch!
“According to our analysis, retirement investors rolling into fixed-index annuities will save over $32.5 billion in the first 10 years and over $32.5 billion in the subsequent 10 years, in undiscounted and nominal dollars.”
What is this based upon?!
And reducing commissions will not “result in lower implicit costs” because agent commissions are not paid by the annuity purchaser; they are paid by the insurance company.
SN: the perpetuation of the $55 billion in junk fees stat is ridiculous. You cannot say that the unrealized indexed gains on a principal protected product are “fees” born to the purchaser.
-sjm