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03-09-2008, 06:06 PM
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#61
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by twaddle
You guys have been around for how many years now? And you still can't translate UM-speak?
The "Swede" refers to that Ben guy (whom I thought was a Dane).
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To a Finn like UncleM, Denmark is just SW Sweden.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-09-2008, 06:12 PM
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#62
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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Quote:
Originally Posted by AdventuresAddict
I'd like to add that with the biomedical field's rate of progression, we can only expect to live longer. So, any swr for 30 years or even 40 years are no guarantee of a secure stream of retirement income, especially for ER. For example, I plan to ER at 35, in 5 years. A 30-year stream of income can only last me till age 65, and a 40-year one, age 75. This is not even going to cover the current expected lifespan of people in developed countries such as US and Singapore. But it's different in the case of an annuity. It's a contractual obligation that an insurer must deliver the income, even if I live to 100 or more. And, looking at the present research, there is a high chance we will have the technology to extend our life beyond 100, in the next few decades.
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Wow, those insurance companies must be brilliant:
a) They have apparently already priced into their contracts the assumption that many people will live to be 100 years old. I didn't think of that! That finally explains why annuities cost as much as they do.
Quote:
Originally Posted by AdventuresAddict
Already, better-educated people are able to extend their lifespan by improving their calories intake, antioxidants intake, health screening and illness preventions, and air and water quality.
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b) So, "better educated" people will live longer, thereby costing the annuity issuers more money. In this case, it would seem logical that the annuity sellers would concentrate on selling more policies to less educated people.
And, that's where I'll leave that.
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03-09-2008, 06:13 PM
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#63
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by unclemick
So when is someone going to mention the creative use of annuities to ward off lawyers, creditors, and other various and sundry bloodsuckers encountered in America?
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Yes, what about this? If you are sued for some unfortunate event, are immediate annuities exempt from the calculation of your net worth and potential payout from a lawsuit? OJ comes to mind. I don't think his NFL pension can be touched.
Not a good reason for having an annuity as a simple umbrella policy is a better way to go, if you have enough coverage. If I were going to make an argument for annuities, I would say it might be a good way to help put things on auto-pilot. As we get older, that will probably be more appealing. But Unclemick's approach is probably the way I will go. Convert to a target fund and let the fund do it's thing as it spits off dividends.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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03-09-2008, 06:27 PM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Dawg52
Yes, what about this? If you are sued for some unfortunate event, are immediate annuities exempt from the calculation of your net worth and potential payout from a lawsuit? OJ comes to mind. I don't think his NFL pension can be touched.
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It undoubtedly varies by state, but I have a good friend now retired from legal-beagling who set up many of his defendant clients with immediate annuities to shield those assets.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-09-2008, 06:39 PM
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#65
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by twaddle
The "Swede" refers to that Ben guy (whom I thought was a Dane).
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I would have sworn there was a Norwegian in there somewhere...
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Numbers is hard
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03-09-2008, 07:14 PM
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#66
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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Quote:
Originally Posted by REWahoo
I would have sworn there was a Norwegian in there somewhere...
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Pffft. She's about dividends! The Swede is about globally diversified yield. OJ is about annuities. And to get past the snake, you throw the bird and say "xyzzy!" Oh, wait. That's a different game.
__________________
Emancipated from wage-slavery since 2002
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03-09-2008, 07:30 PM
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#67
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by Dawg52
Yes, what about this? If you are sued for some unfortunate event, are immediate annuities exempt from the calculation of your net worth and potential payout from a lawsuit? OJ comes to mind. I don't think his NFL pension can be touched.
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In my homestate, it is my understanding that annuity payouts over $250 a month are fair game for creditor collection.
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03-09-2008, 07:56 PM
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#68
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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LOL
A FAQ on Mick-Speak!
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-09-2008, 08:22 PM
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#69
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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This thread is like rubbernecking at a fatal accident...........I just can't help myself..............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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03-09-2008, 08:23 PM
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#70
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Quote:
Originally Posted by haha
LOL
An FAQ on Mick-Speak!
Ha
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Nah. Everybody's doing fine translation wise. Have confidence in yourselves.
Oh - and no Missoula jokes. Please?
heh heh heh - .
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03-09-2008, 08:24 PM
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#71
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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I'm pretty well educated and I just cant kick the dang bacon.
When the insurance companies stop erecting those humongous buildings full of expensive furniture and electronics, I'll start thinking I might talk to one of them.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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03-09-2008, 08:48 PM
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#72
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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If Nords runs across Ben on another forum and he gets upset over Swede/Dane - just tell I am same guy who interchanged De Gaul/Bismark:
'God Looks After Drunkards, Fools and The United States of America.'
These things happen - plus I gave my 251,000 mile rusty pickup to the son of the woman who gave it to me at 180,000 miles - who is a foreman on the meat packing line that makes!!! - the raw meat cuts that become Oscar Meyer Center Cut Bacon or so he says.
heh heh heh - Bacon, annuities, dividends - we are doing good. .
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03-09-2008, 09:06 PM
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#73
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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I'm guessing a drunken fool from the USA is in good hands...and I own some Wellesley just to be sure!
Mmmm...sounds like bacon wrapped filet mignons for dinner. Maybe some roasted fingerling taters and a little asparagus with some bearnaise sauce appearing somewhere on the plate Dang daylight savings time is screwing up my dinner time...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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03-09-2008, 09:42 PM
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#74
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,708
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Quote:
Originally Posted by FIREdreamer
In my homestate, it is my understanding that annuity payouts over $250 a month are fair game for creditor collection.
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In case anyone cares, here is a decent article on annuity creditor protection. A
state by state table is at the bottom.
Creditor Protection for Life Insurance and Annuities
__________________
learn, work, save, invest, fire
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03-09-2008, 10:16 PM
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#75
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by cute fuzzy bunny
Mmmm...sounds like bacon wrapped filet mignons for dinner. Maybe some roasted fingerling taters and a little asparagus with some bearnaise sauce appearing somewhere on the plate Dang daylight savings time is screwing up my dinner time...
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Those who live well live long. So maybe that bacon is watching over you.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-09-2008, 11:24 PM
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#76
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Eh, if nothing else, all y'all can slice me thin and grill me when its all over. I should be smoky, salty and delicious!
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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03-10-2008, 12:16 AM
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#77
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Hey I knew I smelled bacon in this thread.
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03-10-2008, 08:13 AM
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#78
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Dang it, I knew I should have stayed up later. I wanna know what the unmodified version said!
Did you make note of the veiled "eat me!"?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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03-10-2008, 08:35 AM
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#79
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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mmmmm, hmmmmm
nm
__________________
There's no need to complicate, our time is short..
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03-10-2008, 08:38 AM
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#80
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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As long as I can get an INSURED stream of bacon for life, I am happy.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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