Recent content by wfobrien

Yes Im new to investing...got a lot to learn

0.6%

Im new to retirement (62) and started with a managed plan with Fidelity for my accumulated assets. Since Im really conservative Ive set up a 30/70 split. I have had lots of free time of course and get to read ad infinitum on the web about approaches. The number 1 being take the money out of...

Yeah thats what I got....but at 62...that means 80...so if I live to 90....hmmm a lot of ifs there :)

just to clarify my spend in Firecalc is post tax $s?

that really helped a lot. I was thinking of the annuity as a way to hedge against a huge hit to my portfolio-since other than SS its all I got. I can assume that with a 30/70 mix Im already hedging and of course getting somewhat meager returns. I was thinking of it as a three piece pie chart...

:laugh:....err Im starting to get the sense that annuities are a last resort? Do they play any role in a conservative portfolio? I noticed another error in my Firecalc usage...duh. I was putting my spend in with tax adjusted dollars so it was way over stating my need. My actual spend was 25%...

Do I miss something with looking at annuity payouts....doesnt the annuity go for my life and in my calculation I make the principle back in 17 years?

I was playing with Firecalc again..a combination of SS and an annuity and the rest in a 30/70 portfolio...I reach 100% of spend-even on the constant spend selection as well as Bernake. If I leave the portfolio without the annuity and use the same spend pattern...I make it in the Bernake at 100%...

The Blackrock is actually under Fidelity. I just consolidated the original 2 portfolios putting the bulk of it in the Managed spilt 30/70 and some in BlackRock Dividend. My annuity quote is just ok but I guess interest rates are too low for a good annuity right now. It does look like I catch up...

I dont need to leave an estate...Ive paid for my kids to go to private college - Ive done my share

also when you say an annuity can yield 4% what kind? The deferred, imediate didnt look that good to me

Interesting if I change to use the Bernake spend plan and make some adjustments I get to 100%

Thanks for the advice I relooked at the annuity and in reality the numbers kinda stick. The monthly payment is kinda low. So in order to minimize my risk, which was my big concern I moved to a 30/70 spread. I can afford less return for a little more safety. And with a little bit of modest...

Hi my name is Bill and it was recommended I post here to get advice. I am 62 and just retired. The question is mostly about my portfolios. I have 2 managed portfolios. One is a 50/40/10 strategic diversified account with Fidelity. The other is a Blackrock Dividend Income portfolio-50/50 spread...