In this Globe and Mail news article, Rob Carrick discuses the unattractive features of guaranteed retirement income products.  After 2 years of sales of these products, Ash Tward and I explain to Mr. Carrick why we still do not sell these products to our clients; there are better, cheaper and more flexible investment options.

A Retirement Product That’s Guaranteed, But Not Very Attractive

By: Rob Carrick at The Globe and Mail (September 17, 2010)

“Retirement income, guaranteed.

That got your attention, didn’t it? After two straight years of stock market drama, what a relief it is to know there’s such a thing as a retirement investment you can count on.

On this simple sales pitch, the guaranteed minimum withdrawal benefit has quietly become one of today’s most successful investing products. This trend has occurred even while GMWBs have become less attractive than they were when they were introduced. And truth is, they weren’t that great to begin with.”  READ  MORE AT SOURCE…