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Thanks, these replies are a help.:greetings10: Would still be interested in more specific books or sources that helped members here get a good start along the learning curve, which looks pretty steep from where I stand....:(;D

I posted here a while back. I've opened an account with Fidelity and put the minimum 50K in their Portfolio Advisory Service. I know it's considered a poor choice, but I'm such a novice and I figure it's better than doing nothing while I'm trying to learn more. Besides I'm just curious to see...

I agree that normally this would not be a good move for me to make. Virtually every interview/article/report etc., etc., seems to be saying that without question we are still a long way from the expected bottoming out. What that tells me is that my funds are going to continue to drop in value...

My IRA's are all depleting every day. There is an option which I thought might be worth doing. Within these IRA's I can move the funds into simple Money markets or "cash reserves" . The money stays in the same IRA's, I'm not "cashing it in", but it is moved into these very low risk/low gain...

Well I hadn't thought of things this way and I will have to investigate. I don't think your math considers that I would be getting Social and the Annuity at 62, Total $1800 a month. So if I don't take the Annuity and the Social and I keep the 120K, I'd still need to draw $1800/month from...

I guess I need to ask Fidelity about the annuity itself, who is it with, how reliable are they, Does Fidelity stand behind them, etc? other considerations? Yes I am considering the interest 120K could gain vs. the annuity. Still have not decided. Thanks for this

Using this calculator, for single male 62, $800/month for life for $120,000 looks to be a bit better than the examples quoted. They all land around $750 for that amount. OK so again lets assume that I have figured that the $800/month works well for me. Since this annuity is offered thru...

I will be 62 in April 09. I will collect Social Security about $1000/month. I have assets I may move to Fidelity. Based on my needs the guy there is recommending I get a fixed annuity that would cost me $120,000. I have the cash. I would get annuity of $800/month for life. Let's assume...

Can't figure out which sub forum to post this in so I'll try here since I am still a newb. :D ( My intro thread is "bass Player with no Strings") Is there anywhere that gets into comparing customer satisfaction with retirement services for companies like Fidelity, Vanguard, Schwab. Polls...

Yes I will get about $1000/month 1. I am setting up insurance thru a program called "healthyNY". Individuals are eligible if income is under $2160. It'll run me about $260/month with Empire blue cross. 2. Small town with gig opportunities? where? My assessment: Small...

Hey, Ha ;) You may be right but when I was working, my take home was a bit under $2000 per month. That was enough for me and, yes, I'm in New York City. I live very cheap. It can be done even in Manhattan. I ride a bicycle to get around, as I always have, I don't have cable, just Netflix, I...

Yes Health Insurance is a consideration. Health insurance is available thru unemployment on a program called "HealthyNewyork" for about $250-350 a month. I'm just about to sign up for it. I'm not sure if I will continue to qualify for it later on, income must be under $2100 a month. It's quite...

Hi! I'm 61 and have had full time jobs most of my life. Playing bass guitar is my passion and I plan to continue playing as long as I physically can. For a few years when I was younger I actually was able to survive playing professionally. I was laid off my last full time job in July and am...