When All You Have Left Is the Cost of Breakfast at McDonaldâ€™s
July 23, 2014 by Leave a Comment
When I was 20 years old, I sat through my first day of a business law course at Northwestern University. The professor began by writing two words on the blackboard (in the prehistoric days of blackboards and chalk): Caveat emptor. He raised his voice and said, â€œLet the buyer beware!â€� Iâ€™m here to echo his warning, but this time itâ€™s about annuities. Annuities are at the top of the list of complicated products that often profit insurance companies without adequately compensating the buyer in return. Put plainly, sometimes you donâ€™t get what you thought you paid for.