Okay, so we're two weeks out from Valentine's Day, but Barack Obama has a new sweetheart. It appears the president has fallen head over heels with … annuities?
At least that is the rumor going around. His affinity for the safe product was mentioned in a report from the White House last week.
A New York Times financial column writes at great link on this subject, but I'll give you the skinny right here.
According to the Middle Class Task Force report:
"The Administration is … Promoting the availability of annuities and other forms of guaranteed lifetime income, which transform savings into guaranteed future income, reducing the risks that retirees will outlive their savings or that their retirees' living standards will be eroded by investment losses or inflation."
So, does that make you feel warm and fuzzy about the Obama Administration and your products? Hey, every little bit helps, right? Right?
As always, your thoughts are welcome and encouraged…
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