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#1: Not owning an Annuity. Why is it a mistake? Because
(a) It's Guaranteed and Safe Return
(b) It has Tax advantages
(c)
Under proper circumstance it could be Probate Free
(d) It's totally Private
(e) It Passes
- Transfers to family survivor
(f)
It permits Annuity owner to Participates in Market Gains
(g) It safeguards Annuity owner from Market Losses.
#2: Procrastination
#3 Money Aging Factor
#4 Keeping too much Money in Bank Accounts and
Money Market Accounts.
#5 Not understanding the Stretch IRA and Roth IRA
#6 Not understanding the Penalty Free withdrawal in Annuities
#7 Improper Ownership
#8 Not Managing Annuity portfolio
#9 Failure to recognize Annuity & Long Term Care strategies
#10 Improper use of Income and Growth Annuities.
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