The Truth About Buying Annuities | 
 enlarge | Author: Steve Weisman
Publisher: FT Press
Category: Book
List Price: $18.99
Buy New: $11.54
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New (19) Used (5) from $11.54
Avg. Customer Rating:  3 reviews
Sales Rank: 43107
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 208
Shipping Weight (lbs): 0.8
Dimensions (in): 8.4 x 5.4 x 0.6
ISBN: 0132353083
Dewey Decimal Number: 368.37
EAN: 9780132353083
ASIN: 0132353083
Publication Date: August 15, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
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Product Description
Annuities have become one of the most popular ways to save for retirement and also one of the most misunderstood, overhyped, and dangerous investment vehicles available today. Some annuities are worth the money...but too many are flawed, overpriced, and packed with hidden fees that make them absolutely horrible investments. In The Truth About Buying Annuities, consumer finance expert Steven Weisman helps you make smart decisions about annuities and avoid the lies, misrepresentations, and ripoffs that await uninformed investors. From start to finish, Weisman delivers quick, bite-size, just-the-facts information and plain-English explanations you can actually use. You'll learn all you need to know about immediate, deferred, and variable annuities; actively-managed vs. indexed annuities; inflation-protected and tax-sheltered annuities; and more. Weisman explains the impact of annuities on taxes, Medicare, Medicaid, long-term care, and your other retirement plans.He presents crucial, hard-to-find information about death benefits, joint and survivor annuities, alternatives to annuities, assessing annuity risk, avoiding scams, and even how to escape from a bad annuity you've already purchased. Unlike some books on annuities, this one's simple to read, simple to use, up-to-date, and complete: it's the only annuity guide you need!
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| Customer Reviews:
 Research is outdated. December 26, 2008
3 out of 4 found this review helpful
This book is overwhelmingly negative towards annuities. Although, I think that many of the author's (Weisman) points are valid they are mainly geared toward older variable annuities, with particular attention given to equity indexed annuities and annuitization. Not one of the 50 chapters is devoted to living benefits, which make today's annuities most attractive.
I am very disappointed in this book. Nothing of what the author outlined is factually incorrect, but it is written as if he looked for all the negative aspects and published them. To write a book title " The Trust About Annuities" in 2008 and not even mention living income benefits (GMIBs, GMWBs, etc) seems negligent.
 An ideal addition to the growing library of financial and money management literature November 14, 2008
4 out of 5 found this review helpful
Retirement is expensive, and making the right decisions is incredibly important. "The Truth About Buying Annuities" is a guide to avoiding bad choices in finances when planning one's retirement. With cogent advice on minimizing risk when investing in annuities, avoiding the hazards embedded in the fine print, identifying and utilizing new options that are emerging in the modern market, and so much more, "The Truth About Buying Annuities" is solid and recommended reading for anyone planning the finances of their retirement. An ideal addition to the growing library of financial and money management literature, "Buying Annuities" is an important acquisition for personal, professional, and community library instructional reference collections.
Simply the Best September 20, 2008
11 out of 12 found this review helpful
The contracts on insurance products are written for the benefit of the insurance companies, not the insured. This is the first book I have read that simply and yet completely explains a complicated financial product that most people buy without understanding what they are buying. Annuities are an area where there has been great abuse by salespeople; I wish I could make this book required reading before anyone could by one.
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