My spouse has a "friend" who is trying to sell her on Structured Variable Annuities during our retirement years.
Link to product: https://equitable.com/retirement/products/variable-annuities/structured-capital-strategies-plus
Some research brought me to investopedia, who basically said the lost gains over the caps effectively decrease the buffer and are substantially more than the "money saved." In addition, it is a PRICE INDEX and NOT an INDEX FUND, meaning no dividends, which account for 2.5% CAGR of the 10% CAGR expected in stocks.
However, my spouse's friend just keeps feeding lies to her such as how "dividends make up an insignificant amount of the return" and "there's no fees (where does the money after gains go then)". Other than just blocking her on the phone (obviously won't do), what else can I say to deter her from this terrible investment?
Submitted April 05, 2023 at 11:58PM by thelastsubject123 https://ift.tt/PpaNQnB
