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Old 12-04-2011, 09:40 AM   #21
Recycles dryer sheets
Earl E Retyre's Avatar
Join Date: Jan 2010
Posts: 185
I just met with my Fidelity advisor who discussed both a Muni-bond ladder and an Annuity offered by New York Life Insurance which would pay 4.2% and have a death benefit for my kids if both of us pass away. I asked which she would advise and she suggested the bond ladder in order to have flexibility/liquidation. My question for several of the posters above is related to the muni-bond rates. A couple of you suggest that you could get 5% returns on a muni-bond ladder today. How is that possible? When I query Fidelity or Bloomberg it suggests that 15 year bonds are a little over 3%?? One more question I have is that my advisor advised that I pay Fidelity's muni-fund advisor (Crawford Advisors) to manage my muni-bond ladder (at .5% fee) since they will closely monitor details of the quality of the bonds and will buy and sell for me if the quality deteriorates. I am leaning against this since .5% is a lot. Her argument was that if I purchased a munibond fund then I would pay about .4% for expenses from the fund - so, it is not much more and an individual ladder would be better. The only reason I think I would consider paying the fee is that I do not know too much about muni's and I think I need to buy a lot of them in order to build the ladder I want with a diversified lot.

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Old 12-04-2011, 10:33 AM   #22
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,855
Originally Posted by 67walkon View Post
Right now, I'm kind of leaning toward more income for mom and dad and less inheritance for the kids.

If you were a responsible parent, your childern would be prepared for their own future, without your need to provide support after they are adults.

Well - you did ask for opinions ...

Do what you need to do to ensure your/DW's retirement. Let your kids be adults (or future adults, depending on their age).

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