Market Recovery Program
It's legal, it works, and it's guaranteed!
Chapter 10
ASSESSING JOE’S RECOVERY
According to what I see in the Guaranteed Annual Payment schedule, Joe has accomplished his goal. By transferring the $100,000 left in his 401(k) after the market downturn into the Indexed Annuity with the Income Rider, the $300,000 he lost has been recovered…and then some.
Yes, he has accomplished his goal. However, it would be more accurate to say that Joe may recover the lost funds…provided he lives long enough.
The only other way Joe could have been endowed with a guaranteed recovery of his $300,000 would have been if a benefactor just handed a lump-sum of $300,000 over to him back in the year 2008 when he experienced the loss.
Wouldn’t that be wonderful! That’s the market recovery program I want to sign up for!
Yes, me too.
Unfortunately, the real world doesn’t work that way.
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