By Terry Savage on April 02, 2024 | Chicken Money

Hi Terry,
You recently answered my Social Security inaccuracy and it has now been resolved, Than You. New question, we just saw a presentation on annuities at we are 65 and retiring. We purchased your latest book and will be reading The Savage Truth although are curious what you think. Seems too good to be true. It would be 10 year investment with no risk of losing money?

Terry Says

Keep reading. There’s an entire chapter on what’s wrong with these “investment” annuities that promise no losses. How do you think the insurance company makes these guarantees?? And pays the salesman. That presentation was NO FREE LUNCH!

Please, just leave your money in T-bills — IOUs from the government.
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