Search results

We have been researching also. Some of the contract terms are appalling. Some places seem reasonably fair. I am leaning toward the non-buy in full service places after reading the contracts but there were a few I thought seemed to be structured favorably. My top CCRC choice for us was...

Another option to CDs is a money market fund. In your situation I would choose FZDXX at Fidelity. There are alot of options (with different minimums) but this one has a $100K minimum that is paying 2.37%. If rates go down then these will do down also but you would have the same issue with short...

Honestly, I thought I was good but you have me beat solid. I think you are insane for staying one day longer. The truck of doom could take one of you out and then what would all the savings be for? Or a stress related health problem could develop. I suggest you change your time frame to Nov. 1...

You can get 6%. But no one investment does everything. To get 6% and get your principal back at the end you will need to do long term bonds like 30+ yrs. In the mean time your bond principal will probably go down as rates rise. For me Schwab has a nice platform for individual bond buying...

I'm no longer a high risk person so here is where I have my money. I'm 46. 30% in annuities that I will start drawing on when 65. Had to find ones that would compound for 20 yrs. Most that I've got money in aren't available right now. Are hard to purchase. Require a large amount of time to...

Another thing to look at is whether it qualifies for 15% tax treatment. I use Quantumonline to look at this detail.

Retire2020, If your willing to share I am very interested in your experience, both positives and negatives with your new financial adviser. Thanks!

Yep! Now your on to them. Some VA do it just as you describe above. That is why the account drains to zero so quick when you start taking payments. But not all of them do it that way. The one I selected does not. The charge is on the actual account value. Its still hard to research the...

I always try to emphasize in my posts that annuities are not an investment. They are an insurance product. They are alot easier to understand if you look at them that way.

I did look at that one. Initially I qualified to buy it but it took me too long to research how annuities worked. By the time I went to buy they had changed the eligibility of the GLWB rider to the purchaser had to be 55 yrs or older to get the rider. Bummer! It was the story of my life in...

I did look at those but for me they don't work as well. I bought mine at 45 and plan to allow the annuities to accumulate for 20 yrs before drawing income. Income now would just be another thing to get taxed.

Yes and no. Yes if you are trying to get the same performance of the stock market on the upside. No if you want to get some of the upside but still want to guarantee an income for yourself that has a baseline minimum. I fell into the guaranteed income camp. To use my real world example of the...

Two things. This particular VA has an income double for home health care (must lose two activities of daily life) and nursing home confinement. No other one I looked at had the home health care component. I also have 3 equity indexed annuities. I'm pretty sure the caps and participation rates...

So here is my real world example. I bought my Prudential VA last year for $150K. My current account value is $167,855 so I have a 11.9% appreciation. This is locked in for my lifetime income value. I selected an investment mix of 51% asset allocation and 49% bond. Probably way too conservative...

My VA is a Prudential Highest Daily with Lifetime Income. Yes VA are terrible investments. It is alot easier if you think of them as an insurance product and not an investment. My WR is 5% at 65. They ran some very optimistic models, some historical models and some pessimistic models. Frankly...

Again, not sure what your intending by your question. My only objective in contributing to this thread was to remind people not to have everything all in one place even if it is a stable value fund in a 401K. You don't want to be the one with a frozen account, not knowing if your getting any of...

I'm sure they are but this and several other things that have happened to me over the years remind me not to have too much in any one place. These include: Account at Scott Trade where balance of IRA went to zero over night. Took 3 weeks (and many phone calls by me) for them to track it down...

Yeah, it says that in their little summary but that wasn't what the participants experienced, at least from what they told me. They got back the money they put in but not the gains they had gotten over the years. The bit they tell you about as accrued interest (in the article) I think was a...

I looked at a several VA. Generally they do go to zero not too long after you start taking payments (same thing for my equity indexed annuities). BUT your income doesn't go down for life. The things that cause the real account to go to zero include: 1) When you start taking payments your getting...

A new RV. Our current one built in the early 90s works great, is very comfortable and is all we really need. Can't justify the expense to buy a newer one because this one is just fine. But I would love to have one with a king sized bed! Ooh, just thought of something else. I would love a new...

I don't have kids but my siblings and I got A.

Very interesting! I did alot of calculations but not the one your doing. So for my other three can you do the same? EQ $250K in, $54,412 in 20 years at age 65. ML $250K in, $50,776 in 20 yrs at age 65. AV $133K in, $23,267 in 20 yrs at age 65. Thanks!

I don't quite get the question but doing a search here is a good link to read. In economic crisis, even stable-value funds on shaky ground - Articles - Employee Benefit News "For example, in 2005, the Trust Advisors Stable Value Plus fund declared bankruptcy. " I wonder if this was the fund in...

I too have a bunch of cash sitting around. Maturing bonds and preferred stocking being called are adding to it all the time. I'm not doing anything with it right now. I did up my annuities a bit but other than that I can't find any place to put it that fits with my risk tolerance level.

One company I worked for had a stable value fund. Most of those close to retirement had practically everything in it. Then one day we got a notice that it was being closed down due to being a ponzi scheme. The people who were in it had their money frozen for some time (might have been a year or...