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Retirement Planning Services Retirement Planning Services Millersville Maryland Nice building. Polite folks Millersville Maryland
I visited these folks after a friend told me they had given her good advice. One meeting I just gave them lots of financial information. The next was a sales pitch.
The simple fact is that these guys tried to sell me an annuity. The numbers they use make it seem like a no-brainer. However, the numbers were rather "cooked" I would highly recomend heavy research before you even think about this. First see:
forbes.com/sites/timmaurer/2012/05/17/annuities-are-not-bought-theyre-sold/
Or search "on annuities are not bought theyre sold"
Annuities have huge commisions attached to them. They(RPS) did not offer any information on the annuity they were offering me.
After a short while, it became clear that the folks I were speaking to, really didn't know much about finance. They were focused on doing a sales pitch.
The number they gave me showed this annuity would preform better then the stock market. The fact is that I have much of my retirement in an annuity already. This makes it an especialy bad idea to add another annuity.
I believe the advice they gave me was not in my best interest. I believe I can prove this. They however do not let you take home the sheet that shows your gain and such. I did some math in my head during the sales pitch. It was scary just how bad of a decision this would be.
Please, Please be careful. I hurt when I see lots of folks losing hard earned money You can lose lots of future income here, for both you and your benificaries.
Do not make a significant financial investment without talking to different financial advisors and consulting with friends and family members you trust.
On a $100,000 annuity, the sellers may make between $6,000.00 to $15,000.00 dollars. This money really comes from you in the end. If you really want an annuity, shop for one. See .alcoda.org/newsroom/files/consumer_alert.pdf