Unwelcome surprise.

14%, 14%, 13%, 13%, 12%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 0%.

Do you know what these numbers represent? This is a 15 year surrender charge on an equity indexed annuity. This product was sold to one of my clients through her 403b plan broker. Guess what happened when my client needed money. She was told she could only get out a certain amount before she was hit with a huge surrender charge. Do you think if my client ever knew there was a 15 year surrender charge she would have ever gone through with signing the paperwork? That answer is no. Guess what the cap is on the growth. 5.25-7% Meaning, she missed the extra 8% the S&P 500 earned over the last few years. 

Be careful people.

A look into the future/past.

A study was conducted to let people see a computer generated picture of themselves in the future. A picture was taken of a person at their current age and then the computer aged them significantly. As a surprise the number one response after seeing their future self was, "I need to save more money. I want to take care of that person."

On the flip side, older people said they couldn't believe how fast the time had gone by.