Subject: File No. S7-14-08
From: Ron Fischer
Affiliation: Certified Senior Advisor

October 30, 2008


Annuities are an insurance product. I work with Seniors in Medicaid Planning where we use Medicaid Compliant Annuities as a means pertaining to nursing home care. This is a very important tool in allowing the seniors to keep as much of their assets as possible under federal and state law. Securities dealers don't have any idea what Medicaid Compliant Planning is, and according to the ones that I have talked to, could care less and don't want to know. To me, that is a slam in the face of our Senior population. In my opinion, leave well enough alone during this time of economic upheavel. Thank you