Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 12-07-2007, 11:09 AM   #61
Full time employment: Posting here.
Join Date: Sep 2006
Posts: 608
Originally Posted by ats5g View Post
I suppose an application of this would be that if you start retirement with not very much savings, you'll have to annuitize virtually everything up front. Does that sound right?
Yes, that's how I interpret it (but the the article is kinda dense).
And no one responsible seriously recommends this, even the
SPIA-shilling articles which have been popping up everywhere
(and will probably accelerate as the baby boomers go into
retirement, I think things could REALLY start getting ugly !)
recommend at most half of your egg.
JohnEyles is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-07-2007, 12:04 PM   #62
Thinks s/he gets paid by the post
twaddle's Avatar
Join Date: Jun 2006
Posts: 1,703
I just noticed that Vanguard publishes expense information for their (AIG and Lincoln Life) annuity offerings. Do insurance companies publish these numbers?

The average annual fee under the Vanguard Lifetime Income Program's variable income option is 0.79%—well below half the 2.39% industry average.* That's a potential savings of nearly $1,600 a year on a $100,000 annuity.

The average annual fee for the Vanguard Variable Annuity is 0.57%, compared with an industry average of 2.39%—a potential savings of over $1,800 a year on a $100,000 contract.
twaddle is offline   Reply With Quote
Old 12-09-2007, 08:09 AM   #63
Recycles dryer sheets
Hillbilly's Avatar
Join Date: Mar 2007
Posts: 161
Funny how a simple fund like Vanguard Wellesley fund can get such a response. I plan to hold this fund starrting in my 60's.
Hillbilly is offline   Reply With Quote
Old 12-09-2007, 02:03 PM   #64
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,302
DW retired last year & her funds were tied up in a 403b/annuity/funds from hell structure. Just passed the date for surrender fees and her funds went straight into VG Wellesley IRA. There may be later diversifications but I expect she will hold this fund forever as her annuity/income source.
T.S. Eliot:
Old men ought to be explorers
yakers is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
100% in Wellesley? 2035? Breitling FIRE and Money 15 09-04-2007 04:32 PM
50% VG Wellesley 50% VG Star & Get on with ER Hydroman FIRE and Money 14 09-09-2006 05:57 PM
Wellesley Income Fund charlie FIRE and Money 46 03-04-2006 07:51 AM
Wellington & Wellesley ats5g FIRE and Money 9 12-05-2005 04:38 PM
Wellesley Fund for Aging Parents Familywu FIRE and Money 13 10-09-2004 01:51 PM

» Quick Links

All times are GMT -6. The time now is 11:19 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.