My husband and I went to see a registered investment advisor for retirement plans. In the course of the first visit he stated that there was an instrument that would guarantee a minimum of 8% to a high value of 28% while protecting principle and interest. I asked him if it was an annunity. He did not respond but said it was some sort of fixed instrument. On our second visit with him he was to lay out a plan. He told us he could not help us. When we questioned him about the 8% return instrument he just kept telling us he could not help us. Question: Is there any instrument (not stock market) that will guarantee a minimum % return and guarantee no loss of principle or interest that can vary between 6-8%? We question if there is then why wouldn't everyone be doing it or is this some sort of scam? Thank you for your answer.
