Tag: Financial planning

Look who else is turning 65!

Are you turning 65 in August?  If so, you are in very good company!!

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Diana NyadAugust 22- Diana Nyad, first gained national attention in 1975 when she swam around Manhattan (28 miles). In 1979, she swam from the Bahamas to Juno Beach, Fla. (102 miles), setting a distance record for non-stop swimming without a wetsuit, which still stands today. In 2013, on her fifth attempt and at age 64, she became the first person confirmed to swim from Cuba to Florida without the aid of a shark cage, swimming from Havana to Key West (110 miles). Nyad began her swimming career in high school. Shortly after she was introduced to marathon swimming, she set a women’s world record in her first race, a 10-mile swim in Lake Ontario in July 1970.Nyad is also a writer and has authored three books, including Other Shores (1978) about her life and distance swimming. She has also written for The New York Times, NPR’s “All Things Considered,” Newsweek magazine and other publications. She hosted the public radio program “The Savvy Traveler,” was a commentator on the “business of sport” for American Public Media’s public radio program Marketplace business news and was a regular contributor to the CBS News television show Sunday Morning. She co-founded BravaBody, a company aimed at providing online exercise advice to women

Shelley LongAugust 23 –Shelley Long, is best known for her role as Diane Chambers in Cheers, the popular comedy set in a Boston neighborhood bar, which ran from 1982 to 1993, and for which she received five Emmy nominations, winning in 1983 for Outstanding Lead Actress in a Comedy Series. She also won two Golden Globe Awards for the role. Long reprised her role as Diane Chambers in four episodes of the spinoff Frasier, for which she received an additional guest star Emmy nomination. Long’s interest in acting was evident as a member of her high school speech team in Indiana, winning an award in 1967 for original oratory. After studying drama at Northwestern University, she joined The Second City comedy troupe in Chicago. In 1975, she began writing, producing and co-hosting the local NBC television program Sorting It Out, which won three Regional Emmys for Best Entertainment Show. Her first notable role came in the 1979 television movie The Cracker Factory, in which she played opposite Natalie Wood. In 1980 she appeared in her first feature film role in A Small Circle of Friends, followed by roles in both TV shows and movies, including Night Shift (1982) and Losin’ It (1983). While on Cheers, she starred in several movies, including Irreconcilable Differences (1984), for which she was nominated for a Best Leading Actress Golden Globe, The Money Pit and Hello Again. In 1990, Long returned to television for the ABC miniseries Voices Within: The Lives of Truddi Chase. This introduced her to more dramatic roles in TV films, after which she starred in several more throughout the ‘90s. In recent years, she has guest starred in several TV shows, including Boston Legal and Modern Family, and in several TV films such as Honeymoon with Mom, Falling in Love with the Girl Next Door and Holiday Engagement.

Gene SimmonsAugust 25 – Gene Simmons, the blood-spouting member of the band Kiss, was born as Chaim Witz in Israel and later changed his name after his mother, a Hungarian immigrant and the only member of her family to survive the Holocaust, immigrated to the United States. As a young boy, he developed an interest in horror and science fiction, but the Beatles phenomenon inspired a stronger urge to become a musician, and he joined a series of bands. In 1973, with fellow musician Paul Stanley, he founded Kiss. By the end of 1975 Kiss had become one of the biggest acts in the country. Nicknamed “the demon,” Simmons took the stage clad in stylized armor and spiked platform boots, with his face elaborately painted in white and black. Bursts of flame and generous amounts of fake blood regularly featured in his performance. In the late 1970s and early 80s, Simmons branched out into other aspects of the entertainment business, including starting his own label (which was unsuccessful), producing and acting, including roles in movies (Runaway, 1984; Never Too Young To Die, 1986) and television (Miami Vice).For most of the ‘80s and ‘90s Kiss remained active, while Simmons kept himself busy in the ‘00s launching a magazine, publishing his autobiography, creating a clothing line and re-establishing his record label. In 2004, he released his second solo album. Simmons advocates for ChildFund International and has traveled to Zambia to visit several of his sponsored children, of whom he has more than 140.

Richard GereAugust 31 – Richard Gere, the son of Mayflower descendants, started his acting career in theater. His first big role in movies was in the thriller Looking for Mr. Goodbar (1977), followed by the leading role in the 1978 film, Days of Heaven. In 1979 Gere was one of the first big-name Hollywood actors to play a gay character, starring as a homosexual Holocaust victim in the Broadway production of Bent, for which he won a Theatre World Award. In 1980 he became a major star with the film American Gigolo, followed in 1982 by the romantic drama An Officer and a Gentleman with Debra Winger. In the 1980s, Gere had several box office failures but success returned in 1990 with Internal Affairs and Pretty Woman. After that, he starred in several successful films throughout the 1990s, including Sommersby (1993), Primal Fear (1996) and Runaway Bride (1999). In 1999, Gere was named People magazine’s “Sexiest Man Alive.” In 2002, he won a Golden Globe award for best actor for his role in Chicago. His more recent movies include The Hoax (2006) Amelia (2009) and Arbitrage (2012), which earned him a Golden Globe Award nomination.A Buddhist, Gere is also an advocate for human rights in Tibet, actively supports Survival International, an organization dedicated to protecting the rights and lands of tribal peoples throughout the world, and campaigns for ecological causes and AIDS awareness

Turning 65? You’re in good company! See who else joins you this month!

Billy JoelMay 9- Billy Joel, pianist, singer-songwriter and composer, had his first hit in 1973, “Piano Man.” Since then, Joel has become the sixth best-selling recording artist and the third best-selling solo artist in the United States. His compilation album Greatest Hits Vol. 1 & 2 is the third best-selling album in the United States, by discs shipped. In the 1970s, 1980s and 1990s, Joel had 33 Top 40 hits, all of which he wrote, including “Big Shot,” “Just the Way You Are,” “Only the Good Die Young” and “Everybody Loves You Now.” He is also a six-time Grammy Award winner who has been nominated for 23 Grammy Awards throughout his career. He has sold over 150 million records worldwide. Joel was inducted into the Songwriters Hall of Fame (1992), the Rock and Roll Hall of Fame (1999) and the Long Island Music Hall of Fame (2006). In 2001, Joel received the Johnny Mercer Award from the Songwriters Hall of Fame and, in 2013, received the Kennedy Center Honors, the nation’s highest honor for influencing American culture through the arts. With the exception of the 2007 songs “All My Life” and “Christmas in Fallujah,” Joel stopped writing and releasing pop/rock material after 1993’s River of Dreams. However, he continues to tour and plays songs from all eras of his solo career.
Dave Thomas

May 20 Dave Thomas, a Canadian comedian, actor and television writer, is best known for his portrayal of Doug McKenzie on SCTV as well as in the films Bob & Doug and Strange Brew, which he also directed. Starting out his career as a copywriter at an ad agency, he first achieved fame as a cast member of the Canadian syndicated TV comedy series SCTV, where he portrayed, among other characters, Doug McKenzie of beer-swilling brothers Bob and Doug McKenzie. In 1984 he wrote for and acted in The New Show, produced by Lorne Michaels during his hiatus from Saturday Night Live. In 1993, he co-starred in ABC’s Grace Under Fire with Brett Butler and Tom Poston and continued with the show for five seasons. In 2001 Thomas co-starred in the Paramount feature Rat Race. As of 2001, Thomas has been the executive creative director of Animax Entertainment, an animation studio. Thomas has had a long career doing voices for animation, including Animaniacs, Duckman, Catdog, The Adventures of Tarzan, Justice League of America and multiple roles on The Simpsons and Family Guy. In 2007, Thomas and Rick Moranis reprised their roles as the McKenzie brothers in a one hour special “Bob & Doug McKenzie’s Two-Four Anniversary” for CBC Television. In 2008, Thomas revived the McKenzie brothers in a new animated series, Bob & Doug. In 2012 and 2013 Thomas guest starred in the dramatic shows Perception and Bones as well as comedy shows Comedy Bang Bang and How I Met Your Mother.
Jim BroadbentMay 24 – Jim Broadbent an English theatre, film and television actor, is known for his roles in Iris (2001), Moulin Rouge! (2001), Topsy-Turvy (1999), Bridget Jones’ Diary (2001), Hot Fuzz (2007), Indiana Jones and the Kingdom of the Crystal Skull (2008), The Iron Lady (2011) and Cloud Atlas (2012). He also appears in the later Harry Potter films as Horace Slughorn. Broadbent also starred in the drama television film Longford (2006), receiving the British Academy Television Award for Best Actor and Golden Globe Award for Best Actor – Miniseries or Television Film.

Broadbent started out in theater before taking roles in movies, starting with Time Bandits (1981) and Brazil (1985), and establishing himself in Mike Leigh’s Life Is Sweet (1990). He proved his ability as a character actor in films including The Crying Game (1992), Enchanted April (1992), Bullets Over Broadway (1994), The Borrowers (1997) and Little Voice (1998) before taking a leading role in another Mike Leigh film, Topsy-Turvy (1999). In 2001, Broadbent starred in three of the year’s most successful films: Bridget Jones’s Diary, Moulin Rouge! and Iris, for which he won an Oscar for his role as author Iris Murdoch’s husband, who is portrayed taking care of his wife in her final years when she has Alzheimer’s.

 

Pam GrierMay 26 – Pam Grier, became famous in the early 1970s after starring in a string of women-in-prison and blaxploitation (originally made specifically for an urban black audience) films like The Big Bird Cage (1972), Coffy (1973), Foxy Brown (1974) and Sheba Baby (1975) in which she played bold and assertive women. Her career was revitalized in 1997 after her appearance in Quentin Tarantino’s film Jackie Brown, for which she received a Golden Globe nomination for Best Actress. The film review website Rotten Tomatoes has ranked her as the second greatest female action heroine in film history, and Tarantino once said that she may have been cinema’s first female action star.

With the demise of blaxploitation, in the 1980s Grier appeared in more character roles, including a prostitute in Fort Apache the Bronx (1981), a witch in Something Wicked this Way Comes (1983) and Steven Seagal’s detective partner in Above the Law (1988). Grier is also known for her six seasons of work on the television series, The L Word, which centered on the lives of a group of lesbians and bisexuals. She received an Emmy Award nomination for her work in the 1995 HBO animated program Happily Ever After: Fairy Tales for Every Child. In 2010, Grier began appearing in a recurring role as the villain on the hit science fiction series Smallville. That same year, Grier wrote her memoir, Foxy: My Life in Three Acts.

 
Tom BerengerMay 31 – Tom Berenger, television and motion picture actor, is probably best known for his portrayal of Staff Sergeant Barnes in the 1986 Platoon, for which he won a Golden Globe Award for Best Supporting Actor and an Academy Award nomination. Berenger started in soap operas and got Hollywood’s attention in 1977 with a small but noticeable role as a murderer in Looking for Mr. Goodbar. In 1978, he starred in In Praise of Older Women and, in 1979, he played Butch Cassidy in Butch and Sundance: The Early Days. In the 1980s, Berenger starred in several significant films, including The Big Chill (1983), Platoon (1986), Someone to Watch Over Me (1987) and Major League (1989). In the mid-1990s he was most recognizable in his role from the movie Sniper.

In more recent years, Berenger has continued to have an active acting career in film and television, although often at a supporting level. His most notable television appearance was on Cheers in its last season as Rebecca Howe’s blue collar-plumber love interest, for which he was nominated for an Emmy Award for Outstanding Guest Actor in a Comedy Series. In 2012 Berenger appeared in the TV miniseries Hatfields & McCoys as Jim Vance, for which he earned a Primetime Emmy Award for Outstanding Supporting Actor in a Miniseries or a Movie for the role. He most recently has appeared in the science fiction thriller Inception.

Look who turned 65 in March — Ponch, Eddie, and Mama!


Erik Estrada March 16- Erik Estrada, is best known for his co-starring lead role in the 1977–1983 police television series CHiPs. Starting in 1977, Estrada co-starred as Frank “Ponch” Poncharello in CHiPs. In 1979, People magazine voted Estrada one of “The 10 Sexiest Bachelors in the World.” After CHiPs was canceled in 1983, he made a return to series television in a 1987 three-part episode of the police drama Hunter. In the 1990s, Estrada played the role of Johnny, a Tijuana trucker, in the Televisa telenovela Dos mujeres, un camino (“Two women, one road”). Originally slated for 100 episodes, the show went to 400-plus episodes and became the biggest telenovela in Latin American history. Estrada was reportedly paid one million dollars for that role.

 

In 1994, Estrada began co-hosting the syndicated outdoor adventure show American Adventurer, which ran until 2004. In 1998, he returned as the character “Ponch” in the TNT made-for-TV movie CHiPs ’99, along with the rest of the original cast. In the 2000s, Estrada had roles in the daytime drama The Bold and the Beautiful and did voiceovers for the Cartoon Network show Sealab 2021, Maya and Miguel. He has done a long-running series of infomercials as a national spokesman for National Recreational Properties, selling undeveloped real estate property. In 2000, Estrada was named the international “Face” of D.A.R.E., the anti-drug-use campaign. His experience in CHiPs led him to his latest role: a reserve officer for the Muncie Police Department in Muncie, Ind.
Eddie MoneyMarch 21 Eddie Money, a rock guitarist, saxophonist and singer-songwriter, first found success in the 1970s and 1980s with a string of Top 40 hits and platinum albums. Rock impresario Bill Graham said of Money, “Eddie Money has it all. . . . Not only can he sing, write and play, but he is a natural performer.” Although Money trained to be a law enforcement officer, he secured a recording contract with Columbia Records in the 1970s and charted singles such as “Baby Hold On” and “Two Tickets to Paradise.” In the early 1980s, Money entered the MTV music video scene with his videos for “Shakin” and “Think I’m in Love.”

 

In 1986, Money returned to the mainstream rock spotlight with the album Can’t Hold Back. The album’s Ronnie Spector duet, “Take Me Home Tonight,” reached the Top 10, as did the hit “I Wanna Go Back.” Money followed the album with another Top 10 hit, “Walk on Water” (1988), but his Top 40 career ended following the No. 21 placement of “I’ll Get By” in 1992. During the 1990s and 2000s, Money continued to release numerous compilation albums along with several albums featuring new material. Today, he still tours regularly, often accompanied by other successful rock acts from the 1970s and 1980s, and has also made several television appearances on sitcoms.
Nick LoweMarch 24 – Nick Lowe a pivotal figure in British pub rock, punk rock and new wave, has recorded a string of well-reviewed solo albums. He is best known for his songs “Cruel to Be Kind” and “I Love the Sound of Breaking Glass,” as well as his production work with Elvis Costello, Graham Parker and others. Lowe also wrote “(What’s So Funny ‘Bout) Peace, Love, and Understanding,” a hit for Costello. Along with vocals, Lowe plays guitar, bass guitar, piano and harmonica.

 

Lowe is also known for his work as a producer, responsible for producing some of the benchmark releases of punk and new wave, including The Damned’s first single, “New Rose,” considered the first English punk single, as well as the group’s debut album, Damned Damned Damned. He also produced Elvis Costello’s first five albums from 1977 to 1981. Other clients included The Pretenders (the 1978 debut single “Stop Your Sobbing”); Graham Parker (his well-received first and third albums); Dr. Feelgood (several LPs and their biggest hit single, 1979’s “Milk and Alcohol”); Paul Carrack; John Hiatt; The Fabulous Thunderbirds and The Men They Couldn’t Hang. Lowe was married to country singer Carlene Carter, stepdaughter of Johnny Cash, from 1979 to 1990, and played and recorded with Cash, while Cash recorded several of Lowe’s songs.
Vicki LawrenceMarch 26 – Vicki Lawrence is best known for her co-starring role on The Carol Burnett Show, alongside her mentor, Carol Burnett, from 1967 to 1978, and as the quick-tempered, abrasive smart-aleck Thelma Harper/Mama (the elderly supporting character first appearing on The Carol Burnett Show, followed by the main character on its spin-off television series Mama’s Family, airing from 1983 to 1990). As a singer, she recorded “The Night the Lights Went Out in Georgia” that made No. 1 on the U.S. charts as well as in Canada. She is credited with co-authoring two books.

 

Lawrence has multiple Emmy award nominations, winning one in 1976, and multiple Golden Globe nominations, all for The Carol Burnett Show. Besides the popular series, she has made multiple appearances in other TV shows such as Laverne and Shirley, The Love Boat, Murder She Wrote, Roseanne, Diagnosis Murder and, with friend and co-star Tim Conway, in Yes, Dear. In her famed Thelma Harper/Mama role, Lawrence has made numerous post-Mama’s Family guest TV show appearances, most recently in a special sketch for Betty White’s 2nd Annual 90th Birthday. In addition, Lawrence regularly hosts a stage show Vicki Lawrence & Mama: A Two-Woman Show.
Ray MagliozziMarch 30 – Ray Magliozzi is one of the co-hosts of National Public Radio’s (NPR’s) weekly radio show Car Talk, where he and his brother, Tom Magliozzi, are known as “Click and Clack, the Tappet Brothers.” In 1992, their show was honored with a Peabody Award. A graduate of Massachusetts Institute of Technology, Ray Magliozzi taught science in Bennington, Vt., for a few years, before returning to Cambridge in 1973, when he and Tom opened a do-it-yourself repair shop. Although the shop was not profitable, the two enjoyed the experience and were invited in 1977 to be part of a panel of automotive experts on Boston’s NPR affiliate WBUR. In January 1987, host Susan Stamberg of NPR’s Weekend Edition asked the two to contribute weekly to her program. Nine months later, Car Talk premiered as an independent NPR program. In 2012, Car Talk stopped producing new episodes, though NPR continues to air reruns of the show.

 

Tom and Ray both appeared in the film Cars (2006) and in a seventh-season episode of the PBS Kids show Arthur (2002). They also starred in their own PBS animated series, Click and Clack’s As the Wrench Turns, playing fictionalized versions of themselves (2008).

Look who turned 65 in January!

Are you turning 65?  Look at these famous folks who just did this past January!

George Edward ForemanJanuary 10 –  George Edward Foreman, nicknamed “Big George,” was a professional boxer, former two-time World Heavyweight Champion and Olympic gold medalist. After a troubled childhood, Foreman took up boxing and was a gold medalist at the 1968 Olympics. He won the World Heavyweight title with a second round knockout of then-undefeated Joe Frazier in 1973. Foreman defended his title twice before losing to Muhammad Ali in “The Rumble in the Jungle” in 1974. Unable to secure another title shot, he retired in 1977 and became an ordained Christian minister. Ten years later, he announced a comeback and, in November 1994, at age 45, he regained the Heavyweight Championship by knocking out Michael Moorer. He is the oldest Heavyweight Champion in history, and second oldest in any weight class after Bernard Hopkins. In 1997, he retired at the age of 48 with a final record of 76–5, including 68 knockouts.

 

Foreman has been inducted into the World Boxing Hall of Fame and the International Boxing Hall of Fame and has been rated the eighth greatest heavyweight of all-time by the International Boxing Research Organization. For 12 years, he was a ringside analyst for HBO’s boxing coverage, leaving in 2004. Outside of boxing, he is a successful entrepreneur and is known for his promotion of the George Foreman Grill, which has sold over 100 million units worldwide.

 

Stephen Ray January 22 – Stephen Ray “Steve” Perry , is best known as the lead vocalist of the rock band Journey during its most commercially successful periods from 1977 to 1987 and 1995 to 1998. Between the mid-1980s and mid-1990s, Perry had a successful solo career, releasing two albums: Street Talk in 1984 and For the Love of Strange Medicine in 1994. On nine of Journey’s albums he provided lead vocals: Infinity (1978), Evolution (1979), Departure (1980), Dream, After Dream (1980, a Japanese movie soundtrack), Captured (1980, a live album), Escape (1981, which went to No. 1 on the Billboard charts), Frontiers (1983), Raised on Radio (1986), and Trial By Fire (1996). The single “Open Arms,” from Escape, was their biggest hit single, residing for six weeks at No. 2 on the Billboard Hot 100. Throughout his time with the band, Perry had become the unmistakable voice of Journey. Since the group disbanded In 1987, Perry has contributed to other performers’ albums. In December 2010, Perry said he was contemplating his first solo project since 1994.

 

Perry’s singing has garnered acclaim from prominent musical peers and publications. Queen guitarist Brian May said, “Perry is a truly luminous singer, in my opinion—a voice in a million.” Sony record executive, American Idol judge and musician Randy Jackson described Perry’s as “the golden voice” and opined that, “Other than Robert Plant, there’s no singer in rock that even came close to Steve Perry. The power, the range, the tone—he created his own style. He mixed a little Motown, a little Everly Brothers, a little Zeppelin.”

 

David Russell StrathairnJanuary 26 – David Russell Strathairn known as a character actor, has acted in film, TV and theater. His recent roles include journalist Edward R. Murrow in Good Night, and Good Luck, for which he was  nominated for an Academy Award; CIA Deputy Director Noah Vosen in the 2007 film The Bourne Ultimatum, a role he reprised in 2012’s The Bourne Legacy; Dr. Lee Rosen on the Syfy series Alphas from 2011 to 2012; and as Secretary of State William Henry Seward in Steven Spielberg’s Lincoln.

 

Other notable film roles include the title character in Harrison’s Flowers (2000); the blind techie in Sneakers (1992); general manager Ira Lowenstein in A League of Their Own; Joe St. George in Dolores Claiborne (1995); Theseus, Duke of Athens, in the 1999 version of A Midsummer Night’s Dream; and corrupt baseball player Eddie Cicotte in Eight Men Out (1988).

 

His television work includes a range of roles: Moss, in the critically acclaimed The Days and Nights of Molly Dodd; Captain Keller, the father of Helen Keller in the 2000 remake of The Miracle Worker; and a recurring role on the hit television drama The Sopranos. In the theater, he has had more than 30 roles, including in stage plays by Harold Pinter.

Next “Solving the Medicare Puzzle” Workshop Announced!

Are you, or someone you know, ready to turn 65?  Is your mailbox overflowing with offers of insurance?  Are you starting to get confused by all the information  you are reading?  Then, plan to come to our next “Solving the Medicare Puzzle” workshop and we will try to help eliminate some of the confusion!

 

Thursday, September 12

5:30 pm

Seniormark/Troy Office

1385 Stonycreek Road

 

Please call our office at 937-492-8800 to save yourself a seat!  See you then!

Happy Fourth of July!

american flagIn observance of the holiday, our office will be closed for the Fourth of July.  We will be back in the office on Friday morning if you need us!

We are so grateful that we live in the land of the free and the home of the brave!

Come and celebrate our Grand Opening with Us!

open house ad

(Click on image to enlarge)

Turning 65 and looking for some answers?

Are you turning 65 and wondering what the next step is? 

We will be holding our next Medicare Solving The Medicare Puzzle Workshop:

Wednesday, June 26 @ 5:30 pm – Location: Troy office — 1385 Stonycreek Road. 

This is an introductory session explaining the 4 parts of Medicare and what an individual’s options are when they turn 65 or retire and go on Medicare.  We have had an excellent response to these workshops, so if you know of someone who could benefit, please let them know.

Seating is limited, so please RSVP:  Toll Free – 877-492-8803, or comment on this post!

Next Troy Workshop announced!

Our next Solving the Medicare Puzzle Workshop will be held on Thursday, December 13 at 5:30 pm in our Troy office at 1385 Stonycreek Road, Troy. Seats may be reserved by calling our office at 937-492-8800 or online by clicking https://seniormark.com/workshops/ .

If you know someone who would like to or should attend, please share this post with them!

Stock Market Returns without the Risk…Are you kiddin me? Part 2

There are many problems with these products, but the biggest is that the caps and participation rates they quote you when you first buy the annuity are typically not guaranteed contractually.  In fact, many of the “promises” they make up front are not guaranteed.  They may give you a participation rate of 100% initially, but if you read the contract they have the right to lower it at their discretion.  So if the markets move in a direction that hurts the insurance company, you may find out that they have the right (contractually) to lower your payout to 50%, or your cap to 3-4%.

I know this to be true first hand as my Dad purchased one.  Believe it or not, he was told his participation rate would be 110%.  And it was for the first year!  But when his anniversary date rolled around he received a letter from the insurance company.  You guessed it…they were reducing his participation rate down to 50%, and there was nothing he could do about it because the annuity had a 7 year penalty period if he cashed out early.  And can you guess what his participation rate was for the remaining 6 years?  You got it…50%.  And I’ve heard the same thing from clients of mine who have had these products with caps that started at 10-12% and are now down to 4%.  And if you have one that charges a fee, that fee can be raised contractually.

Another problem with these annuities is the length of time you are locked in to the agreement, called a “surrender period.”  Most of the ones sold today lock you in for 10 years, meaning if you take your money out early you will pay a penalty.  The number one selling EIA in 2011 had a 10 year surrender period and the penalty was 10% for the first 3 years on the contract.  I have also seen higher surrender periods and penalties.  I met with a client a year ago and her surrender penalty was 17% in the first year with a surrender period of 15 years.

So how do you protect yourself?  The easiest way would be to avoid these products altogether, as there are better options for you.  If you ARE considering an Equity Indexed Annuity, then make sure you do your homework.  Make sure you are getting your advice from the right person, which is probably not the person who is pitching it to you.  I recommend getting a second opinion from an advisor who doesn’t earn a commission from the product.

If you have had any experience with an equity indexed annuity (good or bad), please share it with us by leaving a comment below.