Recent content by cloud9nd

Not to hijack this thread, but where are you guys looking at all of these options? I have a similar situation coming up.

Thank you for the help on this. I was able to get in touch with a great rep and the ball is rolling with fidelity.

Okay, I'm going to try this again to move my IRA accounts to fidelity etc type place away from a private firm that has cost me 13k over 2 years in direct fees and my accounts just got back up to 2021 level. This seems like it should be simple but called fidelity and the agents seemed lost...

Amazing info! Thank you, I'll have to look into these options.

Thank you for this and the schedule. I figure if I give someone a lump of money upfront and they give me an offered interest rate I can agree to over the period of 20 years, giving up my freedom of use and possible earnings they can make however much they want off it, so long as I'm satisfied...

To be clear, there is no such case here. It's nothing more than consolidation.

That's getting me in a direction at least, thanks for that info! Definitely immediate income, but man the fees and stuff. Ugh. Is the 7% based on initial deposit or final amount after interest? I was really hoping for something as simple as a CD but pays you out either by payments or rime...

Hello, I was looking at the possibility of putting money into an annuity based on a calc I saw. It would be non qualified, for sure. Used for retirement payments. My issue is this, and maybe I'm dreaming... 1. I can't find one, or at least nothing 20 years term and do I need an advisor or...

This guy is a private firm small business deal. I think I'll talk to Schwab. I just want to preserve the IRA and make some interest before drawing. Side question is, what happens when the IRA is being drawn from once it is matured from a CD or annuity? Meaning what do I do with it if I want...

Thank you for all the help! I was not very clear in this, but the advisor and I are still on okay speaking terms. My issue is he offered the opportunity to use the IRA to purchase a CD or annuity, but the caveat is he needs to fill a form on other allocated assets and their liquidity. Im not...

Updating with more questions.... I called Fidelity as mentioned here and had no luck with this switching IRA over. Then, speaking to advisor he says there's paperwork to roll into a CD and needs to write down other funds not in his control. I'm at a loss here. I just want to move this IRA...

Okay, thank you for that information. So just to be clear for example, let's say an account has 100k in it, you can't just get 20k a year for 5 years? Thank you

Okay. So the amount is divided up by 5 years and that's that? Market fluctuating has no bearing? Thank you

Does anyone know how it works to draw your ira for the 5 year lock in? I know there are lots of restrictions and cons, but I'm curious if you sign up for that do they lock in that allotment no matter what happens Thank you.

Thank you for the detailed answer. I'm looking to use a 5 year plan account which would drain an account we have 1. If I do the plan will it be divided by 5 years to drain equally? 2. If I do the plan is it as simple as set up and run it out or will they only allow a portion drained?