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[DOC File]I
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All Annuities share certain features that make them very attractive, particularly for Retirement Planning: Tax-deferred Growth – When an account gets to grow deferred of income tax, the net result is a “triple compounding” (growth on principal + growth on growth + growth on amount that would have been taxed). The value of this is often substantially under-estimated. For example, take a ...
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[DOC File]HOW TO SPOT A CON ARTIST - NASAA
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Seniors can also be victims of theft by family, friends or service providers, and others, who remove personal property from the senior's residence. Some exploiters will approach the senior for a loan of money, which is never paid back. If a senior is dependent upon another for support services in order to remain in the community, the senor may feel that he or she has no choice but to accede to ...
annuity investments for seniors

[DOC File]Annuity sales practices
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Another issue is possibly inappropriate sales of deferred annuities with surrender charges, essentially contracts designed to provide tax deferred savings for retirement, to senior citizens who are already retired and who are already in very low income tax brackets. Seniors sometimes invest their entire life savings in these types of products ...
safest annuities for seniors

[DOC File]financial exploitation of seniors
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Educating Seniors Project . website and see if it sounds like one of the scams listed on the website. Never let anyone pressure you into a financial transaction – selling assets, buying life insurance, buying annuities. Good advisors will almost never pressure you. If it is a new advisor – someone you met through a free seminar about estate ...
annuities for senior citizens

[DOC File]THE TRUTH ABOUT EQUITY INDEX ANNUITIES
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Variable Annuities are unsuitable for many retirees since it is for long term of 10 or more years. CON ARTISTS “TARGET” SENIORS – Why? Because they are: Planning for Retirement. Seniors are looking for someone to help them with a plan. Looking for a Good Deal. Seniors are always looking for a deal. Getting A Windfall. Most seniors get a lump sum when they retire and are looking to put it ...
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Best Annuities for Seniors - Sterling Group United
F. Duty of honesty, good faith, and fair dealing; breach of duty (Section 785 of the CIC) VI. The importance of determining client suitability for annuity sales (Sections 10509.913 and 10509.914 of the CIC). For example: 10% A. Identify the need for information prior to making recommendations 1. Age of the consumer 2. Financial status of the consumer a. Income
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Are annuities good for seniors