Friday, December 08, 2006

Seniors 'duped' into bad investmen

Seniors 'duped' into bad investment | Santa Rosa Press Democrat // News for California's North Bay and Redwood Empire

Another article about the pitfalls of Equity Indexed Annuities (EIAs). These products are sold a lot to seniors and educators because they sound like a great deal. Who wouldn't want the upside of the market without the downside.....the problem is that this is a lie.

If you are pitched an equity indexed annuity don't be lured by the siren song. You'll know that you are dealing with someone who is less than professional.

Scott Dauenhauer, CFP, MSFP