Billions in risks for pensioners

Collect a secure pension every month until the end of your life and save taxes at the same time ? this argument convinces many investors. For more than 20 years, an ingenious financial product has been selling like hot cakes that is difficult for customers to understand: a credit-financed annuity for life, in which the ongoing instalments for the loan reduce the tax burden year after year. Link to this article
Capital.de, 07.07.2008

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