tag:blogger.com,1999:blog-3862216000300765627.post6266513309585351645..comments2024-01-16T03:42:46.705-05:00Comments on The Downward Spiral: Sun Life to Cut 800 U.S. JobsBill Hickshttp://www.blogger.com/profile/17551954408189665078noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3862216000300765627.post-14238106160657006882011-12-14T17:44:51.907-05:002011-12-14T17:44:51.907-05:00@Mr Sunshine - when I retire from my job in a few ...@Mr Sunshine - when I retire from my job in a few years, I actually have the option of rolling my 401K account into one of those annuities. Of course, I plan to just withdraw all the money and split, IRS early withdrawal penalty be damned.Bill Hickshttps://www.blogger.com/profile/17551954408189665078noreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-15807354843385328022011-12-14T17:22:16.110-05:002011-12-14T17:22:16.110-05:00Ah .... variable annuities. I occasionally hear t...Ah .... variable annuities. I occasionally hear the Saturday morning program length commercials aimed at near-retirees ... "guaranteed fixed income no matter what the markets do, and never a loss of principal." Now we know how they work... they don't. What happens to the old folks who already bought into these scams? Do they get a lump sum check of their principle investment in the mail someday, or will these guys keep the Ponzi going using Canadian and Chinese "investors?"Mr. Sunshinehttps://www.blogger.com/profile/16137274372934160799noreply@blogger.com