Comments on: The Equity-Indexed Annuity http://financialducksinarow.com/453/the-equity-indexed-annuity/?utm_source=rss&utm_medium=rss&utm_campaign=the-equity-indexed-annuity Advice on IRA, Social Security, income tax, and all things financial Fri, 11 May 2012 12:17:33 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: jblankenship http://financialducksinarow.com/453/the-equity-indexed-annuity/#comment-46 jblankenship Sun, 22 Mar 2009 20:51:06 +0000 http://bfponline.com/weblog/?p=453#comment-46 Perhaps that may be the case for the ones you sell (just taking a stab that you're a seller, as I doubt if anyone else would care enough to get charged up over this), but as I understand it, EIAs have an annual fee, ranging from 2% to 3%. Perhaps it is the wording that bothers you - where is the fee being paid from if not from the corpus of the account? If not being directly charged from the account, it's taken as a reduction in any gain, but it is being charged somewhere, no doubt about it. So anyhow, while you're at it, you may want to go after the SEC and FINRA on this, because in both of their alerts they reference the 2-3% administrative fee... Perhaps that may be the case for the ones you sell (just taking a stab that you’re a seller, as I doubt if anyone else would care enough to get charged up over this), but as I understand it, EIAs have an annual fee, ranging from 2% to 3%. Perhaps it is the wording that bothers you – where is the fee being paid from if not from the corpus of the account? If not being directly charged from the account, it’s taken as a reduction in any gain, but it is being charged somewhere, no doubt about it.

So anyhow, while you’re at it, you may want to go after the SEC and FINRA on this, because in both of their alerts they reference the 2-3% administrative fee…

]]> By: srpark http://financialducksinarow.com/453/the-equity-indexed-annuity/#comment-45 srpark Sun, 22 Mar 2009 20:13:49 +0000 http://bfponline.com/weblog/?p=453#comment-45 This is baloney of the fines kind, complete and utter bunk in term of the charging of a fee against the gain in an equity indexed annuity account. Yes, the person who sells the annuity is well paid, but there is no CHARGE against the account of 2-3% or whatever. There is no loss ever out of a equity indexed annuity account, or any fixed annuity account. This is baloney of the fines kind, complete and utter bunk in term of the charging of a fee against the gain in an equity indexed annuity account. Yes, the person who sells the annuity is well paid, but there is no CHARGE against the account of 2-3% or whatever. There is no loss ever out of a equity indexed annuity account, or any fixed annuity account.

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