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Old 07-17-2014, 09:19 AM   #21
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Yup. I don't think its worth trying to figure these things out. They are better at selling these things that you will be at buying them. They've spent years creating tricks and traps in the fine print. Unless you are willing to spend years to become an expert in annuity fine print, its a pretty good bet that they will get the best of you in one of these transactions.

I've never heard a good outcome from the purchase of these complex products. If you must have an annuity, buy a low-fee basic product from someone like Vanguard.

Originally Posted by pb4uski View Post
Better yet, stay away from these shysters.

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Old 07-17-2014, 09:53 AM   #22
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You need to look at what it takes to change the plan too.

Often, the company can change the plan with a short notice period. Just like a crediy card company can change it's terms. So, when you think you are getting a great deal, the deal changes.

FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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