[Professional]

I didn’t know about insurance, but that’s pretty interesting. Are you sure about mutual funds? I also don’t think they include investment into r/e, the equity that is created within that holding.

Frankly, who wants a developed economy, only putting money into bank products? That is hardly good for economic growth is it?

[groanup]

Even though they aren't supposed to do it a lot of life insurance products are sold as retirement savings (the so called "living benefit" of the policy). Illustrations abound showing periodic payments into variable life policies (the policies that acutally have "sub accounts" ((mutual funds)) in them growing exponentially for a period of years until you want to borrow it out "tax free" yippee!!)

Many people are making periodic payments into variable and fixed annuities also. These are purely retirement products.

As for mutual funds, I can't tell you how many times I have had mutual funds wired into accounts that I am taking over that have a history of periodic payments. I know because we have a hell of a time figuring out the basis for possible future sale.

Bank products are eaten up by inflation and taxes. There are many products out there that are sold as alternatives explicity to taxable CD's. And, no I don't think home equity is included. Even though a lot of seniors downsize and take out equity to retire on.

[Hunterite]

“Frankly, who wants a developed economy, only putting money into bank products? That is hardly good for economic growth is it?”

****************

People who aren’t filthy rich elitists off the backs of foreign slave labor then turn around and buy carbon credits while preaching to the great unwashed about global warming.