From TheStreet.com: Consumers should own an annuity for what it will do, not what it might do, says Stan Haithcock, annuity expert and author of “The Annuity Stanifesto”. Haithcock says regulations on annuity sales are far too lax which is why so many investors end up paying heavy fees for unsuitable products. He says annuity sellers must be forced to live up to their contractual obligations and buyers should know exactly what they are getting for their fees. Finally, Stan The Annuity Man® says a “legacy income monster” annuity is a smart choice for parents who do not want their offspring to blow their inheritances.
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