09 Dec 2014 Ken Fisher: Why I Hate Annuities

Anything that sounds too good to be true is. It’s not a return on capital. It’s a return of capital until the contract ends, you do, or it’s all gone. You can do that yourself, at any percent you want. Anyone can! If you have a million bucks and like the sales rep so much, gift his kid half way through Harvard while buying good stocks and bonds (or indexes) and you’ ll likely be better off.