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The S&P 500 is having its worst year so far in six decades.

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56 minutes ago, GutterBoy said:

That depends on how many schiesters out there steal nest eggs for annuties.

What do you actually know about annuities? 

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1 hour ago, Hardcore troubadour said:

The first year of the baby boomers were 62 in 2008 and could collect a large rate of social security at that age. They could let their money sit and wait for the comeback, as many had pensions. The bills were getting paid.  This wave of retirees have to wait until 66 to get most of their  SS, which is being destroyed by inflation, and they don’t have pensions at nearly the rate of the first wave of baby boomers. They need the money to retire. I expect many people close to retirement will be getting out of the market with the bulk of their retirement investment very soon. 

If they get out of the market soon and had failed to protect their assets just means they were dumb, gullible and had crap financial advisors, of which there are many out there 

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1 hour ago, KSB2424 said:

Yes, I think it was page 25 of the Covid thread where some of us said way back when....  Locking down the country in 2020 and part of 2021 would have a NET negative on society,  no matter if it saved some lives, because depression would set in, drug use would go up, alcoholism would go up, crime would go up, poor kids would be left behind in school as they went virtual, abuse would go up, on and on and on.  Not to mention small business going out of business, etc.  

People like @MDC laughed back then,  just straight blinders on,  focused on all things Covid.  Couldn't see the forest for the trees.  

I’d ask for a link but we both know you won’t post one. 

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2 minutes ago, GutterBoy said:

A lot, it's all available on the internet.

Here, let me help you: https://www.annuityexpertadvice.com/why-annuities-are-a-poor-investment-choice/

Ooo, a link. Lol. If you had the balls to do it, I'll have my staff reach out to you to set up a phone appointment to discuss the pros and cons of various annuities. 

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Just now, Pimpadeaux said:

Ooo, a link. Lol. If you had the balls to do it, I'll have my staff reach out to you to set up a phone appointment to discuss the pros and cons of various annuities. 

Sure.  I would love to hear from some slimy salesman telling me to give him my life savings so he can take 7% of it and pay me a paltry monthly stipend and then steal the money when I die.

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8 minutes ago, MDC said:

I’d ask for a quote but we both know you won’t post one.

Honestly, It was said many times in that thread, its a thousand pages so unpossible to find.  But I 100% stand by my post even if I got the exact Geeks wrong who said it.    I'm pretty sure you were involved but to be perfectly honest, I just missed you tonight :wub:

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1 minute ago, GutterBoy said:

Sure.  I would love to hear from some slimy salesman telling me to give him my life savings so he can take 7% of it and pay me a paltry monthly stipend and then steal the money when I die.

Lol, ignorance is bliss. I'll PM you my cell number if you're willing to allow me a chance to clarify in a discussion the differences between good annuities, inappropriate annuities and dooshy annuities that greedy, slimy salesmen push for big commissions.

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7 minutes ago, Pimpadeaux said:

Ooo, a link. Lol. If you had the balls to do it, I'll have my staff reach out to you to set up a phone appointment to discuss the pros and cons of various annuities. 

Can you have Tom Selleck sell me a reverse mortgage? :wub:

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2 minutes ago, KSB2424 said:

Honestly, It was said many times in that thread, its a thousand pages so unpossible to find.  But I 100% stand by my post even if I got the exact Geeks wrong who said it.    I'm pretty sure you were involved but to be perfectly honest, I just missed you tonight :wub:

I don’t remember that conversation. I do remember Geeks talking about suicides etc. due to lockdown but that was early in the pandemic and we were dealing with a new virus. We knew less about Covid or how long lockdowns would go on for than we do now. 

I missed you too buddy. :wub: 

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1 minute ago, MDC said:

I don’t remember that conversation. I do remember Geeks talking about suicides etc. due to lockdown but that was early in the pandemic and we were dealing with a new virus. We knew less about Covid or how long lockdowns would go on for than we do now. 

I missed you too buddy. :wub: 

Get a room, phaggots

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2 minutes ago, IGotWorms said:

Can you have Tom Selleck sell me a reverse mortgage? :wub:

I don't know anything about that, but I do get weirded out by those commercials that people turn over ownership and premium payments of a life policy to some company that gets to be the beneficiary. 

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Just now, Pimpadeaux said:

I don't know anything about that, but I do get weirded out by those commercials that people turn over ownership and premium payments of a life policy to some company that gets to be the beneficiary. 

It’s not that different ;) 

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4 minutes ago, IGotWorms said:

It’s not that different ;) 

It depends on the situation. Nothing generates wealth like life insurance. It makes sense if they don't need life insurance, get paid and don't care what happens when they die. Life insurance is way more complex that most people know.

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14 minutes ago, Pimpadeaux said:

Lol, ignorance is bliss. I'll PM you my cell number if you're willing to allow me a chance to clarify in a discussion the differences between good annuities, inappropriate annuities and dooshy annuities that greedy, slimy salesmen push for big commissions.

Go for it faggit

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1 minute ago, Pimpadeaux said:

It depends on the situation. Nothing generates wealth like life insurance. It makes sense if they don't need life insurance, get paid and don't care what happens when they die. Life insurance is way more complex that most people know.

That's because shady insurance salesmen need to create new ways to take advantage of people.

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3 minutes ago, GutterBoy said:

That's because shady insurance salesmen need to create new ways to take advantage of people.

Nope. You hide behind your need for toxicity but won't actually learn about what you obviously don't know anything about other than what some Internet doosh with his own agenda posts. You got my number. Give me a call. 

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Just now, Pimpadeaux said:

Nope. You hide behind your need for toxicity but won't actually learn about what you obviously don't know anything about other than what some Interet doosh with his own agenda posts. You got my number. Give me a call. 

Dude I have a minor in finance and learned all about this sh!t while you were writing articles about the local Piggly wiggly.

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Off topic but not.  This may need its own thread.  

Why do I get mailers and people calling me to buy whole life insurance on my young kids?  Why do people over 60, have million dollar life insurance policies when their kids are grown and they have 401k's and stuff?

I may be wrong but I always thought the reason for life insurance was to take care of your family after death as well as any funeral costs WHEN you are needed the most (i.e 30 to 60).  The bread winner should have the most coverage and then it levels down. 

Term Life while you are needed.  Whole life is a scam.  

What am I missing?

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1 minute ago, GutterBoy said:

Dude I have a minor in finance and learned all about this sh!t while you were writing articles about the local Piggly wiggly.

Look at me! I have a minor in finance I got 30 years ago! 🤣

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5 minutes ago, KSB2424 said:

Off topic but not.  This may need its own thread.  

Why do I get mailers and people calling me to buy whole life insurance on my young kids?  Why do people over 60, have million dollar life insurance policies when their kids are grown and they have 401k's and stuff?

I may be wrong but I always thought the reason for life insurance was to take care of your family after death as well as any funeral costs WHEN you are needed the most (i.e 30 to 60).  The bread winner should have the most coverage and then it levels down. 

Term Life while you are needed.  Whole life is a scam.  

What am I missing?

Nothing, it's all a way for insurance douches to make money off you.

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8 minutes ago, KSB2424 said:

Off topic but not.  This may need its own thread.  

Why do I get mailers and people calling me to buy whole life insurance on my young kids?  Why do people over 60, have million dollar life insurance policies when their kids are grown and they have 401k's and stuff?

I may be wrong but I always thought the reason for life insurance was to take care of your family after death as well as any funeral costs WHEN you are needed the most (i.e 30 to 60).  The bread winner should have the most coverage and then it levels down. 

Term Life while you are needed.  Whole life is a scam.  

What am I missing?

Never buy whole life insurance.  It's not life insurance so much as a bad investment designed to make the company offering it easy money.  Dave Ramsey knows the details of why not to ever get it exactly if you want to search his name and whole life insurance maybe you can find his advice and explanation of it.

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1 minute ago, GutterBoy said:

Nothing, it's all a way for insurance douches to make money off you.

I've paid widows more than $1 million in benefits the past couple of years after their anti-vax, Clownzo-loving husbands died of COVID. 

Man up and call me instead of spouting your ignorant, minor-in-finance-having toxic feminity.

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2 minutes ago, Gepetto said:

Never buy whole life insurance.  It's not life insurance so much as a bad investment designed to make the company offering it easy money.  Dave Ramsey knows the details of why not to ever get it exactly if you want to search his name and whole life insurance maybe you can find his advice and explanation of it.

Dave Ramsey. 😂

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1 minute ago, Gepetto said:

Never buy whole life insurance.  It's not life insurance so much as a bad investment designed to make the company offering it easy money.  Dave Ramsey knows the details of why not to ever get it exactly if you want to search his name and whole life insurance maybe you can find his advice and explanation of it.

Not exactly sure your post but I think we are on the same page.  Term Life, as in the Term you are NEEDED from dependents.  As in (on average) age 30 to 60.  

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2 minutes ago, Pimpadeaux said:

I've paid widows more than $1 million in benefits the past couple of years after their anti-vax, Clownzo-loving husbands died of COVID. 

Man up and call me instead of spouting your ignorant, minor-in-finance-having toxic feminity.

Where's your number?  Man you will do anything for a lead.  I'm not dumb enough to fall for your schtick

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2 minutes ago, Pimpadeaux said:

I've paid widows more than $1 million in benefits the past couple of years after their anti-vax, Clownzo-loving husbands died of COVID. 

Man up and call me instead of spouting your ignorant, minor-in-finance-having toxic feminity.

I'm sure, but what if they simply invested all those insurance payments in the market for all those years.  

You can't brag about the credits without identifying the debits.  

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Just now, GutterBoy said:

Where's your number?  Man you will do anything for a lead.  I'm not dumb enough to fall for your schtick

I knew you'd play the "lead" card after you get cornered into my offer to explain what I know about all this. I'll send you my number shortly.

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41 minutes ago, GutterBoy said:

That's because shady insurance salesmen need to create new ways to take advantage of people.

Same reason they invent all the jargon and lingo — make it seem mystical and unknowable to the poor schlubs 😢

’Course finance people do this too.

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1 hour ago, IGotWorms said:

Get a room, phaggots

Okay. 

Hie bout it KSB? Let’s get a room. 

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9 minutes ago, MDC said:

Okay. 

Hie bout it KSB? Let’s get a room. 

Can I come? 

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41 minutes ago, Pimpadeaux said:

Can I come? 

I already did

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7 hours ago, Pimpadeaux said:

If they get out of the market soon and had failed to protect their assets just means they were dumb, gullible and had crap financial advisors, of which there are many out there 

They are dumb, great diagnosis.  Now, what do we do with them? 

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7 hours ago, Pimpadeaux said:

It depends on the situation. Nothing generates wealth like life insurance. It makes sense if they don't need life insurance, get paid and don't care what happens when they die. Life insurance is way more complex that most people know.

Even though you are a dik, worms will never understand.  I’ve had life insurance conversations in here too.  Lots of willfully ignorant folks in here on that subject.

carryon…

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7 hours ago, KSB2424 said:

Off topic but not.  This may need its own thread.  

Why do I get mailers and people calling me to buy whole life insurance on my young kids?  Why do people over 60, have million dollar life insurance policies when their kids are grown and they have 401k's and stuff?

I may be wrong but I always thought the reason for life insurance was to take care of your family after death as well as any funeral costs WHEN you are needed the most (i.e 30 to 60).  The bread winner should have the most coverage and then it levels down. 

Term Life while you are needed.  Whole life is a scam.  

What am I missing?

Taxes - wealth transfer

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7 hours ago, Pimpadeaux said:

I knew you'd play the "lead" card after you get cornered into my offer to explain what I know about all this. I'll send you my number shortly.

I got cornered into talking to you :lol:

again, I really don't need you to explain annuities to me, but I'm sure you'll get some interesting calls today, thanks for sharing your number.

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12 minutes ago, Alias Detective said:

Even though you are a dik, worms will never understand.  I’ve had life insurance conversations in here too.  Lots of willfully ignorant folks in here on that subject.

carryon…

Right, the only smart guys when it comes to life insurance are the ones that make money selling it. :lol:. Got it, thanks!

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33 minutes ago, GutterBoy said:

Right, the only smart guys when it comes to life insurance are the ones that make money selling it. :lol:. Got it, thanks!

Nah, you seem somewhat intelligent, why can’t you grasp there are times both an annuity and life insurance is the correct solution to someone’s situation?

Then, once you get that, realize there are lots of people in that same situation.

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2 hours ago, GutterBoy said:

I got cornered into talking to you :lol:

again, I really don't need you to explain annuities to me, but I'm sure you'll get some interesting calls today, thanks for sharing your number.

Based on what you've said, you really don't know what you're talking about, and I've given you an avenue to educate yourself, which you won't take because that's so far out of your toxic comfort zone that it's unimaginable for you.

I got a call from sux last night, which was fun. I didn't know I already had his number in my directory. We talked about cats, and I sent him some cat porn.

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2 hours ago, Alias Detective said:

Nah, you seem somewhat intelligent, why can’t you grasp there are times both an annuity and life insurance is the correct solution to someone’s situation?

Then, once you get that, realize there are lots of people in that same situation.

Sure, there are times where it makes sense, but it's very rare.  99% of the time you're better off getting a cheap term policy and investing yourself.  It's good for the customer where they have no willpower to save and invest for themselves.  The costs involved in whole life are the biggest disadvantage for most people.

What really burns my ass is when I hear stories of sleezy sales focks taking someone's 401k and converting it into an annuity under the guise of "guaranteed income", while stealing a large percentage of the working guy's savings.  These pieces of sh!t have a special place in hell.

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