Recent content by aln1117

So with all the new info from you kind folks I've decided against the FIA idea for now. Possibly when I finally retire I will look into options for producing income. But for now I will try to change my AA to protect by portfolio until I get into retirement. That brings me to my next question...

So just to be clear on a FIA . What is and how is income rider set?

Ready and others thanks for the explanations. Ready your last post really give me a good insight and eye opening.

What makes a Vanguard FIA better then some other FIA.

Thank you all for the info and eye opening advice. Please keep it coming.

Ready, I don't think he is lying to me I just think he's looking out for he's best interest and not mine. Your statement about the down market does not match what I've read about the Fixed Index annuities but I may be wrong. Also where are there cd making 2-3% now.

Shooter, thanks for the links. I will check his credentials for sure. Mathjak, I've heard the quote and lived it a few times. This is why I've asked the questions. Trying to have a pretty good plan before I step into the ring. My biggest fear is getting hit with a big market downturn so close...

What males a FA a fiduciary or not. Is there a different license or certification or is it something they decide on their own?

I understand they need to make money and a portion of my investments are a source of income. But being a friend and someone who I would have hoped would put my money to work best for me makes me second guess anything he reccommends. When I asked the question about fees and commissions and he was...

Thanks for all the insight from everyone. So basically my so called "Friend/FA" is looking at his bottom line by telling me there are no up front fees or commissions but some where in the annuity they are costing me more then changing my AA. This brings me to my next question with retirement...

So if the S&P does 10% for the year and the annuity is FIA is 5% the annuity is taking the 5% . Is that where the fees and commission are coming from or is there some hidden print in the 50 pages that says they take it up front every year ? Also what is the average commission that is being paid...

Wahoo, how and when are the fees and commissions paid. From what I can gather they are paid from the expected gains above what the given annuity is set for. So then in retirement years or approaching years is it best to tool into cd and more secure investments rather then lock up funds with FIA?

I don't fully understand them which is why I'm asking the question. From what I do understand is they pay what the index return is (S&P) up to a certain max and the insurance company gets the amount above that. But it is protected if the market goes down. What I'm trying to understand is what...

Looking for info on fixed index annuities. I know the bad on variable annuities but looking for the pros (if any) and cons on them. What should some one look for when researching them?

Long time lurker first time poster. 53yr old, married, 1 child. Looking to pack it in hopefully at 58. Sep Ira accounts valued at approx. 700 k Equity in real estate 600 k. My question is with the market the way it's going these days and looking at 5 years out what should I be doing in regards...