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    Be Very Wary of Equity Indexed Annuities
    Be Very Wary of Equity Indexed Annuities
    Be Very Wary of Equity Indexed Annuities
    Ebook61 pages40 minutes

    Be Very Wary of Equity Indexed Annuities

    By Dale Maley

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    About this ebook

    78 million Baby Boomers start to turn age 65 in 2011. Many of these Boomers will be seeking investments that have low risk and high returns. Equity indexed annuities are promoted as low risk investments with high returns. This short story explores the complexities and hidden costs of equity indexed annuities.

    LanguageEnglish
    PublisherDale Maley
    Release dateMar 17, 2011
    ISBN9781458063656
    Be Very Wary of Equity Indexed Annuities
    Author

    Dale Maley

    Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

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      Book preview

      Be Very Wary of Equity Indexed Annuities - Dale Maley

      Be Very Wary of Equity Indexed Annuities

      by

      Dale C. Maley

      SMASHWORDS EDITION

      * * * * *

      PUBLISHED BY:

      Artephius Publishing on Smashwords

      Be Very Wary of Equity Indexed Annuities

      Copyright © 2011 by Dale C. Maley

      All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.

      *****

      Table of Contents

      Chapter 1

      Allure of Equity Indexed Annuities

      Chapter 2

      Definition of Equity Indexed Annuities

      Chapter 3

      Regulation of Equity Indexed Annuities

      Chapter 4

      Understanding the Fine Print of Equity Indexed Annuities

      Chapter 5

      Big Commissions of Equity Indexed Annuities

      Chapter 6

      Abusive Selling Practices

      Chapter 7

      Dateline Exposé

      Chapter 8

      Other Opinions about Equity Indexed Annuities

      Chapter 9

      Better Options

      Chapter 10

      Summary

      References

      Recommended Reading

      Web Sites

      * * * * *

      Warning-Disclaimer

      This book is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher and author are not engaged in rendering legal, accounting, insurance, or other professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

      It is not the purpose of this manual to reprint all the information that is otherwise available to the author and/or publisher, but to complement, amplify, and supplement other texts. You are urged to read all the available material, learn as much as possible about investing and to tailor the information to your individual needs.

      Every effort has been made to make this book as complete and as accurate as possible. However, there may be mistakes both typographical and in content. Therefore, this text should be used only as a general guide and not as the ultimate of investing information. Furthermore, this book contains information on investing only up to the printing date.

      The purpose of this book is to educate and entertain. The author and the publisher shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly by the information contained in this book.

      * * * * *

      Foreword

      78 million Baby Boomers start to turn age 65 in 2011. Many of these Boomers will be seeking investments that have low risk and high returns. Equity indexed annuities are promoted as low risk investments with high returns. This short story explores the complexities and hidden costs of equity indexed annuities.

      * * * * *

      CHAPTER 1

      Allure of Equity

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