Broker-sold structured notes.. stop the insanity!

It is difficult to get a man to understand something when his salary depends upon his not understanding it. --Upton Sinclair The investment below was recently pitched to a client of mine by

GE lump sum pension buyout offer: should you take it?

I'll briefly explain here the steps I take when helping clients make this decision: Collect the summary plan description (SPD), summary of plan amendments, and buyout offer letter. Using actuarial software, calculate the actuarial present value of the pension benefit according to the mortality...