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By 
July 17, 2018 at 04:19 PM
It’s hot out there.
Your prospects want to nap on a towel on the beach. You want to nap on a towel on the beach.
The 129-year-old life insurance company that issues most the annuities you sell probably wants to disguise itself as a venture capital-backed fintech startup… then go sneak away and nap on a towel on the beach.
Meanwhile, the consumers all around you are hurtling toward retirement age like a beach hornet to your soda.
The setup is: They expect to retire at age 67 and spend the rest of their life backpacking around Thailand.
The punchline is: They’re on track to retire with about $10,000 in assets, with about $5,000 kept in the form of coins in coin jars that they are too cheap to take to the Coinstar machine at the supermarket.
For most consumers who are not talking to financial professionals, the true, deep hit to their retirement assets came not from the Great Recession, but from the devastating time in 2016… when compliance questions pushed banks to take the “free” coin counting machines out of their lobbies.
Officials in Washington are obsessing about which financial professionals should act as fiduciaries, and how, when, for many consumers, the big retirement asset planning question is whether the best source of spare change is the cushions in the sofa, or the cushions in the big comfy chair.
And the Grim Reaper is messing with them and will probably let most of them live well into their 90s.
Meanwhile, the clock keeps heckling us all.
Here are five more, new annuity-related “jokes” — or, in other words, horror dumplings.
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1. Magic
Question. How are retirement expenses like hungry demons?
Answer: You sit there, then, poof! They make every penny disappear.
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2. Sloth
