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Personal Finance and Investing

Common Sense Party

(14,139 posts)

22. Good. I'm glad to hear it. And to heck with your BIL.

Reply to K8-EEE (Reply #21)

Thu Jun 28, 2012, 12:54 AM

Jun 2012

What YOU guys do with YOUR money is YOUR business. You don't owe anyone anything. There's no unwritten universal law that states you MUST buy an overpriced, shoddy annuity from some shady character.

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So, this guy who is handling my MILs estate is selling my husband an annuity [View all] K8-EEE Jun 2012 OP

I understand, elleng Jun 2012 #1

Tell your husband to proceed with extreme caution. Common Sense Party Jun 2012 #2

Holy cow!! I don't even have a prospectus....I have some kind of "Scenario" K8-EEE Jun 2012 #3

Well, I looked online after posting that, and the prospectus I found Common Sense Party Jun 2012 #4

ZOMG the annual fees are 3.2%! K8-EEE Jun 2012 #5

Pretty high, I'd say, elleng Jun 2012 #6

OK so I was doing some research and my state is one of the 7 that charges tax on these K8-EEE Jun 2012 #7

BOTH is worse! elleng Jun 2012 #8

Well that's just the thing for the annuity you don't pay Capital Gains you pay REGULAR TAX RATE K8-EEE Jun 2012 #9

I hope your husband is thinking twice or thrice about this. Common Sense Party Jun 2012 #10

I did a lot of research and put my foot down OVER MY DEAD BODY. My problem is K8-EEE Jun 2012 #11

Good for you. Common Sense Party Jun 2012 #12

My husband is a successful artist - and completely uninterested in finances K8-EEE Jun 2012 #13

Glad to see you've gotten so far with this, elleng Jun 2012 #14

I'm really starting to think Mr. Annuity Asshole ran off with our $$ or something. K8-EEE Jun 2012 #15

HOPE you're not right, about him running off w funds. elleng Jun 2012 #16

The saga continues: K8-EEE Jun 2012 #17

Glad y'all are on it, elleng Jun 2012 #18

There are laws about how long someone is allowed to take to settle an estate. SheilaT Jun 2012 #19

Did you get the check? Common Sense Party Jun 2012 #20

Just got it today! WOOOHOOO!! K8-EEE Jun 2012 #21

Good. I'm glad to hear it. And to heck with your BIL. Common Sense Party Jun 2012 #22

The clincher is that they visited us in May and got the royal treatment K8-EEE Jun 2012 #23