Annuities: the Perfect Investment if Your Goal Is to Die Penniless

Chart showing annuity harm

A frequently aired commercial for a large insurance company presents an 800-pound gorilla, a common metaphor for a hugely important issue somehow often ignored. The gorilla in the ad is looming retirement. Annuities, championed as a source of “guaranteed income for life,”

How Bad Service and Abuse of Other Peoples’ Money Deepened the Financial Crisis

Senate Bail Out

This morning as I was driving to a meeting I heard a radio talk show host lament about the general lack of service in most companies these days. More precisely, there seems to be a lack of desire to serve. The most

Reverse Mortgages: A Convenient Way to Wipe Out an Estate

It is almost impossible to watch 30 minutes of television without seeing an ad for reverse mortgages. As seniors talk about their “favorite day” of home ownership and actor Robert Wagner extols the virtues of senior consumption, the spots present reverse mortgages