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If you really want to live high, surrender your credit card to the Villa San Michele, just outside Florence in the hillside town of Fiesole (Via Doccia, 4; 39-01-852-67803; www.villasanmichele.com).com
The G.A.O. said that if A.I.G.'s financial strength rating were to fall, its life insurance businesses would be "severely affected," with high surrender rates and the suspension of policy sales by some firms.
Adds Joseph, "If they are legitimate, they will put it in an annuity, for example, that has high costs, high surrender charges and high up-front fees.
After that guaranteed period, the interest rate may revert to a below-market yield, but you're locked into that low yield by a high surrender fee that may last for up to 15 years.
In our previous column we started our discussion of deferred variable annuities and mentioned some of the Bogleheads' objections to these products, including high cost; long surrender periods with accompanying high surrender fees; unscrupulous sales tactics; and unsuitability for many investors.
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And just over a month after Garner was killed, a suburb of St Louis, Missouri, was effectively placed under martial law following the fatal shooting of unarmed black teenager Michael Brown; his hands had been held high in surrender.
It was a distinctive sound, and I came to think of it as Libyan laughter: a high-pitched, giddy surrender, which seemed to convey the absurdity and despair these men had lived with for so long.
Jeret Needham, a wrestling coach at a nearby high school, surrendered to police after barricading himself inside a home.
He matched his career high by surrendering four home runs, two of them by Robinson Cano, and made his own personal history by giving up three consecutive home runs as the Yankees pounded the Mets, 9-1, in front of an announced crowd of 48,566 on a perfect spring evening at the Stadium.
The bottom line is that you're getting no additional tax advantage but, in most cases, you're getting all the downsides of a non-qualified variable annuity that we discussed previously (including the high costs and surrender fees) inside your retirement account.
But she had some hits for the dance floor like "Ain't No Mountain High Enough" and "Surrender".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com