Why Ken Fisher is wrong on annuities: Milevsky, Finke

November 7, 2015 by JANE WOLLMAN RUSOFF

Ken Fisher hates annuities, and annuity experts aren’t exactly in love with what the famed money manager said about those retirement products in an interview last week.

The chairman and CEO of Fisher Investments, who runs a three-year-old annuity conversion program, likened annuity sales approaches to the too-good-to-be-true promises of Ponzi schemes and charged that annuity salespeople often lie to make high commissions.

He insisted they “rattle off whatever it is that they know is a lie” and that other salespeople say what “they believe to be true but isn’t.” Click HERE to read article

Originally Posted at LifeHealthPro on November 6, 2015 by JANE WOLLMAN RUSOFF.