British lottery winner Roger Griffiths won £1.8 million in 2005, but in just a few short years, he lost it all in what appears to be a classic case of crazy spendthrift behavior wrecking a newfound – and unexpected – fortune. But it is not quite that simple. While Griffiths admits that he did squander a portion of his winnings on celebratory spending, the majority of his losses came from real estate and business investments that went bad when the global economic crisis landed in 2008-2009. At the beginning of his fortune, he could have simply banked a few hundred pounds a day off of his interest, but as he tried to create a larger amount of self-generating wealth, all he did was land himself back in the poorhouse, despite the financial advice he received along the way.
Some wonder what patients could really do with the information.
American Financial Group Inc. has decided to change the way it reports on the performance of its Great American Life Insurance Company annuity operations,…
The ads spread the idea that lifetime annuity income never runs out.
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