Truth 45. Prospectuses and annuities
"A man who does not think for himself does not think at all."
—Oscar Wilde
Many people first learn about annuities through the compelling advertising that the companies offering these products provide through the various media. Advertising for any financial product always simplifies the product and, of course, makes it look like the best thing since sliced bread (although as George Carlin has noted, "What is so great about sliced bread?").
This is not necessarily a bad thing. Investing is complicated, but like most complicated subjects, it is better to begin your understanding with general knowledge of the concept and then move on to the details. Advertising supplies people with their initial information ...
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