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Dave Slomer
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Dave Slomer

commented on a video on YouTube.
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I love the vibrato on those repeated six-note piano passages and the bridge; that alone would classify the song as "haunting" if only it were just guitar and piano. The drums not only add nothing, they detract from the song's beauty--they suddenly announce themselves and take over. I could take or leave the bass. The first and last verses (sans coda) are what the song should be. But I love the song anyway. It's beautiful.
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Dave Slomer

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Wow, Stack. I'd LOVE to see what your right hand is doing! Looks sort of like a hummingbird is attacking the strings! GREAT job. Including voice.
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Dave Slomer

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What a typically annuity-industry self-serving pile of rubbish. "Good news for Alan." There may not be a law against what this crook did, but it's still a crime. "I think the insurance carriers are making the people whole." Do ya? Prove it. "Would have set a bad precedent for the industry." Would have done WONDERS for unknowledgable clients of the future if these scumbags knew they'd face jail time. "$100 surrender fee." Name ONE TIME that was ever the fee. Give HARD EVIDENCE of ONE TIME when churning a client was good for the client.
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Dave Slomer's profile photoRetirement Think Tank's profile photo
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+Dave Slomer This article above describes just one of hundreds of different types of annuities called a "Life Only" single premium immediate annuity (aka SPIA). And we couldn't agree more with the article. We can't think of any reasons to ever put your money into an annuity where all of the remaining money goes to the insurance carrier if the annuity owner dies earlier than expected. Probably why these types of annuities aren't that popular by consumers...or even agents.

In regards to the other pages, yes, that is just one of over 600 websites that we own. Our founder, Joe Simonds, is very transparent about his role in the insurance industry. The site that you quoted above, http://www.AdvisorInternetMarketing.com/ is his site where he teaches financial advisors how to be found online, how to communicate and educate consumers the proper way, and how to share their message via the Internet.

And the one thing that we all agree on is that any misleading or untrue advice or advertising is never tolerated. Joe prides himself on being a retirement industry watchdog, while also helping financial advisors gain more trust and goodwill with consumers by sharing powerful and transparent content on the web.

As we mentioned early and are always overly transparent, neither Retirement ThinkTank, Joe Simonds, or any of our affiliates are insurance or securities licensed, we make absolutely no income or commission from any insurance or securities sales, and we do not have any relationships with any insurance carriers. And we don't sell insurance products, we just report on them.

Thanks again for the comment Dave. We hope that you continue to watch our videos and add value to the community by commenting. It makes it all worth it.
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Dave Slomer

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One reason people don't know how much they need to retire is ignorance of how compound interest and mathematical annuities--not the kind sold by insurance companies--work. There's vocabulary to learn, which is bad enough; but the math is overwhelming, right? Wrong. Learn the words and use tools, such as the Present and Future Value of Annuity (not the insurance vehicle) tools at the first place Google directed me to: http://www.calculatorsoup.com/calculators/financial/present-value-annuity-calculator.php and http://www.calculatorsoup.com/calculators/financial/future-value-annuity-calculator.php, Actual dollar amounts involved are based on a very complex formula, but you can play with the numbers and, of special note, observe, for example, that the LOWER the "interest rate" in a Present Value computation (set by the company to their advantage), the HIGHER the payout to you (or equivalently the LOWER the amount of cash required to achieve the same monthly payout). I taught calculus for many, many years, but not until I was in my late 30's did I bother to investigate this and not until the Internet bubble burst did I learn how to do my OWN investments, since our friendly FA had HER interests at the fore, not ours. I CHOSE ignorance, I guess. You don't have to, either. Visit the sites. Here's where to begin to see that there is a difference between the mathematical concept and the insurance product: http://en.wikipedia.org/wiki/Annuity. But be sure to follow the link on that page, which is this: http://en.wikipedia.org/wiki/Annuity_(finance_theory). Don't let the formulas and verbiage put you off. Learn the meanings of a half-dozen terms and be proactive in determining your financial future.
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Dave Slomer

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Don't buy this at face value. Seek other unbiased advice. If he has more videos than this 15-minute one that further describe annuities, well... there's the adage that you shouldn't invest in anything that you don't understand, and you can't possibly understand any annuity that has a 3-inch-thick prospectus, because you aren't going to read it in the first place, because it's impossibly-constructed to obfuscate the underlying truth. And the insurance salesperson is not going to explain it because she wants that glittery commission. I'll be  honest--I didn't view the entire 15 dreadful minutes but skipped around, just enough to know that this deserves severe scrutiny.
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Dave, I'm sorry you didn't watch the entire video, but chose to 'skip' around.  It's interesting that your main contravention and animus is that annuities are only explained by reading a 3-inch-thick prospectus, when this entire video is dedicated to education. 
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Dave Slomer

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Dave Slomer

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EXACTLY what I needed to see! THANK your for making it SO CLEAR!
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Dave Slomer

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Wow, Tony. I Googled "How many guitars are playing on Steve Goodman's 'The Dutchman'," and found you and got the answer, which I was pretty sure was "one", though it sounds like more--I saw an east-of-Cincinnati-area guy (whose name I have sadly fogotten) play this song alone at the Clifton YMCA's "Leo Coffeehouse" maybe 20 years ago. He knocked us all out. You and he make it look so easy. I wish I'd seen Steve Goodman play it. Sad loss. 
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Well, thank you very much indeed Dave.
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Dave Slomer

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Talentless singing and ukelele (?)(surely that's not a guitar!!) playing on yet another insipid Apple iPhone commercial. Makes me wish "Gigantic" would come back. "NO video?" you ask? Go here the life of dreams and skip the first 1:43. Did you think you couldn't hate it more? It reminds me of Popeye's "theme song"... "I'm Popeye the sailor man..."
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Dave Slomer

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I have never heard a more beautiful song, so sweetly sung and arranged. Nor have I ever been moved to tears so easily after so few lines. There is hope for popular music as long as there are artists such as Alison Sudol, My only regret is not having learned of A Fine Frenzy before now. All the crummy stuff the pop music stations play while shunning such as this.... Go figure.
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Dave Slomer

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What a crock. They are routinely sold as investments; so much for blaming Wall Street for "comparing annuities to investments." The perfect candidate for an annuity is the gullible, the person who doesn't sufficiently research them.
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Robert Brinkman's profile photoBilly Smith's profile photoRetirement Think Tank's profile photo
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+Billy Smith Billy, thank you for the comments.  I want to keep your negative and off-based comments public as we believe that others need proper education about annuities (and that you can't lump them all into one category as you have done in your comments).  It would be like saying every Ford truck is a lemon because they had to recall a small batch of them.  It just isn't fair to lump thousands of similar products into one big batch in any industry.   Same goes for annuities. 

There are both good and bad annuities, each with their own pros and cons.  In fact, that is the entire premise of this YouTube Channel.  We don't even sell or make money from annuities here at Retirement Think Tank.  We just want to educate people like yourself who have been told or led to believe misleading information. 

Here are the corrections to your statements:  This video discusses fixed and fixed indexed annuities (not variable annuities), of which there are no fees.  And ironically, the fixed annuities just hit all-time lows of total complains (less than 1% of all owners ever make a single complaint).  Annuities have been around in the world for over 1,000 years and what we are discussing is not some "new scam".  In fact, fixed annuities are as simple as a bank CD but have some advantages such as higher rates of return and tax deferral.  If you believe that bank CD's are scams too, then that is your own prerogative.

The one comment you had spot on was your last statement.  Do your RESEARCH before ever buying an annuity.  And that goes for yourself.  You might even want to watch this video again as it is powerful education on one of the most misconstrued ideas on annuities...that they make good investments.  Truth is, they don't.  They are an income generating tool and retirement protection tool. 

Best way to put it, fixed and fixed income annuities (NOT variable annuities that you seemed to be lumping in your comments) are one of the only contractually guaranteed income vehicles in the country.  And people that bought these types of annuities in 2005-2008 didn't lose a SINGLE DIME when the market crashed.  In fact, they actually made money!  If that is a scam, then what do you consider Wall Street and the greed that led up to the collapse? 

Best of luck and continue to do your research and get educated.  We will keep putting out great content that opens the eyes to both the pros and cons of annuities.
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Dave Slomer

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This is a way of discouraging "universal linearity".
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