Why Would I Want To Convert

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Jul 17, 2005 7:37 pm

Why would I want to buy a product--say an annuity--that will convert
lower tax bracket capital gains into higher taxed ordinary income,
especially in later years when rates are almost certainly going to be
higher?

Jul 17, 2005 8:11 pm

Why don't you think things through before you ask such a dumb question?

Jul 17, 2005 8:14 pm

I have a better question for you - why would you not want to zip your mouth shut, sprain all your fingers - say for a decade - which will allow the rest of us to convert this trash can of a website ino a meaningful forum???


You keep harping on about all your expertise, experiance and so forth, yet fail to comprehend the forum title - Rookies and Trainees...or is there possibly a redeeming quality to all your bullsh*t, that you yourself recognise the crap you have to offer - despite your half century in the business.


Stop creating new posts,  get your playstation 2 out of your trousers, and then you can start clicking away to your hearts' content - and once you've worn out your batteries from constant clicking, maybe then you will make the connection between your batteries' lifespan and the rest of the guys on this forum......and just for you - in case you don't make the connection -I will do it for you (yet again).... f**k OFF.

Jul 17, 2005 8:17 pm

Give the question a try dipschidt.  It's a learning experience for those of your ilk.

Jul 17, 2005 8:20 pm

I don't have to give it a try. I already KNOW the answer. You are boring the f**k out of me and you've overestimated my level of interest in educating you on what I do and why I do it.

Jul 17, 2005 8:22 pm

Why imagine that Annuity Guy is also Dancethedrink.



Two, two, two cretins in one.

Jul 17, 2005 8:27 pm

[quote=Put Trader]Why imagine that Annuity Guy is also Dancethedrink. Two, two, two cretins in one.[/quote]



From now on, if you want to talk to me, you have to do it on the website.

Jul 17, 2005 8:30 pm

Moron, I can talk to you all day long right here.  Every time you post something moronic I will comment on it.



You have tried to counter my comments and appeared to be an idiot every
time--no doubt you will do better by just sucking up and not responding.

Jul 17, 2005 8:45 pm
dancethedrink:

Stop creating new posts,  get your playstation 2 out of your trousers, and then you can start clicking away to your hearts' content - and once you've worn out your batteries from constant clicking, maybe then you will make the connection between your batteries' lifespan and the rest of the guys on this forum......and just for you - in case you don't make the connection -I will do it for you (yet again).... f**k OFF.


Dag nab it...another Coke wasted! ROFLMAO   

Jul 17, 2005 8:48 pm
Put Trader:

Moron, I can talk to you all day long right here.  Every time you post something moronic I will comment on it.

You have tried to counter my comments and appeared to be an idiot every time--no doubt you will do better by just sucking up and not responding.


I believe the part that he's going to "comment" on everything. He doesn't have a life, so he has plenty of time at the adult day care center to do this.


I know Annuity Guy, he's a smart broker. I can't say the same for puttyndacrack. His IQ is somewhere South of the temperature of warm spit. His mean disposition is common among old farts that have failed in life. He is just another failed planner.

Jul 18, 2005 7:44 am
annuity guy:

I don't have to give it a try. I already KNOW the
answer. You are boring the f**k out of me and you've overestimated my
level of interest in educating you on what I do and why I do it.







As I've been saying since I joined this forum, I know what you do and why you do it.



You sell inappropriate investment ideas to people who trusted you for
no reason other than the fact that the products you sell have the
largest commission.



There are a lot of adjectives that describe those of your ilk.  I prefer sleaze, but others may have their own.



Those of your ilk give the entire industry a bad name and make it more
difficult than it need be for honest people to provide an honest
service.

Jul 18, 2005 10:21 am

Why would I want to buy a product--say an annuity--that will convert lower tax bracket capital gains into higher taxed ordinary income, especially in later years when rates are almost certainly going to be higher


In an attempt to acutally discuss security sales practices, I'll bite on this one.


First of all we don't know that captial gains rates will be higher or lower in the future.  Probably higher because the government can't keep its hands out of our pockets. But we don't know.  We may assume that the client will be in a lower tax rate bracket when retired. But again we don't know.  What we can know is that the tax ramifications of holding an annuity are deferred to a later date.  It may be in the client's (remember him) particular circumstances that the current deferral is more benefical than converting the cap gains to ordinary income in the future.


A variable annuity is more than selling the rate or selling tax deferral.  The associated benefits may be more valuable to the client than the downside of tax treatment.  You have to weigh what the client is trying to accomplish with the appropriate investment vehicle.


Jul 18, 2005 10:28 am
babbling looney:

You have to weigh what the client is trying to accomplish with the appropriate investment vehicle.







The clent?  The client's objectives?



How the hell does that fit in with a salesman who actually said, "I sell them because they are best for me.  I get 7.5%."



Are you saying that the client's objectives and best interests trump commissions?