Annuities-LA Times Article--Medicare Part D

Clients & Friends,
Today's LA Times had a front page article about annuities. The thrust of the article was about unsavory insurance salespeople or investment advisors selling annuities inappropriately just to receive commissions. If one stopped at the headlines, it would be easy to conclude that annuities are being overused as an investment vehicle. It is true that annuities are not appropriate in all cases for all investors or all seniors (as targeted in the article).
However the single premium deferred annuity(ies) that we use to diversify your portfolio are ABSOLUTELY APPROPRIATE--they provide safety of principal, eliminate volatility (one of the main reasons we use them), enable you to defer taxes, and have variable interest rates that will change as the market changes. Rest assured that we have placed the annuity(ies) in your portfolio as part of the portfolio allocation that we have explained to you and to which you have agreed.
Another note: REMEMBER: The deadline for signing up for Medicare Part D is May 15th. Signing up after that date will cost more (although government publications have not made it clear how much more).
As always, if you have any questions, please let me know.