[quote=AllREIT] [quote=rollinrock]

So, Allreit, given your due diligence research on behalf of your clients, is there any retirement income risk transfer product that might be useful for anybody's clients here? ( Pardon me if you mentioned it before as I did not read every thread.)

[/quote]

CPI linked SPIA's from Vanguard, which are issued by AIG. IMHO most any retirement income product that isn't linked to CPI is trash.

Mostly those are used because they help reduce draw downs during down market periods.

[/quote]

So you'd like something that pays based on 65% of the CPI?

[quote=AllREIT] [quote=Mike Damone]

Bobby, that sounds good,but is that your pitch when replacing business with a fixed indexed annuity only?  I ask because I can see how that can be true when using a fixed product that has no trading cost, expense ratios, advisor fee, etc. to the client.[/quote]

An fixed annuity has a huge cost to the client. Opportunity cost between what the annuity pays out and the insurance company's General Account of Investment grade bonds.

[/quote]

Ok, opportunity cost.  But one can use the "opportunity cost" card about saving's accounts and CDs.  I'm talking about actual dollars being charged by the product people and paid out by the client.

[quote=Mike Damone][quote=AllREIT] [quote=Mike Damone]

Bobby, that sounds good,but is that your pitch when replacing business with a fixed indexed annuity only?  I ask because I can see how that can be true when using a fixed product that has no trading cost, expense ratios, advisor fee, etc. to the client.[/quote]

An fixed annuity has a huge cost to the client. Opportunity cost between what the annuity pays out and the insurance company's General Account of Investment grade bonds.

[/quote]

Ok, opportunity cost.  But one can use the "opportunity cost" card about saving's accounts and CDs.  I'm talking about actual dollars being charged by the product people and paid out by the client.

[/quote]

He could've drilled a wildcat well that had people running in from the field, covered in oil.