And none of you have been involved in our boardmails which

Sep 26, 2017
6:52:07pm

airwolf Playmaker

had no mention of annuities. My main advice, which most advisors have very little knowledge about, was about tax diversification.

Report problem with this ad

airwolf

Bio page: airwolf
Joined: Aug 13, 2005
Last login: May 17, 2024
Total posts: 2,699 (121 FO)

Report problem with this ad

Messages

Author

Time

If you want to stay diversified in retirement what is the proper mix

CBaass

9/26/17 2:02pm

The general rule of thumb is to take 100 and subtract your age and that is the..

RexIdaCoug

9/26/17 2:05pm

Example...

RexIdaCoug

9/26/17 2:07pm

This general rule of thumb caused many retired people to lose more than needed

airwolf

9/26/17 2:20pm

I should have prefaced this by saying...

RexIdaCoug

9/26/17 2:24pm

This I agree with.

airwolf

9/26/17 2:28pm

Go to bogleheads.com forum

cougfanz

9/26/17 2:12pm

What like VTSAX is the only investment you should buy?

TheLoneCougar

9/26/17 2:15pm

Because CB is full of dummies ; )

airwolf

9/26/17 2:28pm

Says the guy pitching annuities. Haha

cougfanz

9/26/17 3:04pm

And your credentials for making investment recommendations? Do they meet or

airwolf

9/26/17 3:43pm

many on here have the same licenses and credentials and cringe at your annuity

Sandy Lyle

9/26/17 5:17pm

Yet most of them are not advising cbass

airwolf

9/26/17 6:48pm

And none of you have been involved in our boardmails which

airwolf

9/26/17 6:52pm

No offense dude, but having a 66 and a 7 doesn't exactly mean you're

DK-

9/29/17 3:05pm

No offense taken. Why so much praise for a CFP, because they passed a series of

airwolf

9/30/17 9:04am

^^^ LOL.

travispj772

9/26/17 3:59pm

I'm absolutely no genius when it comes to this stuff, but I hear a lot of folks

TheLoneCougar

9/26/17 2:14pm

Indeed you are not a genius when it comes to this. Many/most financial advisors

airwolf

9/26/17 2:18pm

As I stated.

TheLoneCougar

9/26/17 2:30pm

Considering that most investments have 0 guarantees, except to guarantee that

airwolf

9/26/17 2:39pm

Annuities are also a way of getting a high commission.

travispj772

9/26/17 3:52pm

High commissions as opposed to 5% for investing in A shares and then brokerage

airwolf

9/26/17 4:12pm

Advisors don't get all of that 5 percent

travispj772

9/26/17 7:09pm

Well we can agree on one NWM agents are poorly trained. When I sold

airwolf

9/26/17 7:16pm

I'll agree with you on that. I always chuckle when they say they are

TPcoug

9/26/17 7:24pm

5% if you're buying a A share at the lowest break point. Many fund families will

DK-

9/29/17 3:11pm

Here's the most important thing to know about buying an annuity

DK-

9/29/17 3:08pm

I don't know about you, but I make much less off of my one time commission

airwolf

9/30/17 9:05am

This is a bad idea. The experts say to diversify and lower your risk because

RexIdaCoug

9/26/17 2:20pm

I think most of it depends on what is in your nest egg and your risk tolerance.

TheLoneCougar

9/26/17 2:31pm

Risk tolerance changes with age and experience in the market. I used to

airwolf

9/26/17 2:41pm

Hindight being what it is, there ended up not being risk in 2008. The market has

TheLoneCougar

9/27/17 7:25am

The issue is that even though the "market" has increased aver 300% I have not

airwolf

9/27/17 9:28am

Simple logic should tell you...if you bought an S&P index fund for instance

TheLoneCougar

9/27/17 9:36am

Most self investors average under 2% per year, most Financial advisors average

airwolf

9/27/17 9:46am

Where do you get this information? because it seems WAY off

TPcoug

9/27/17 10:25am

Hes shooting out a lot of hyperbole. Even my conservative clients

bccoug

9/27/17 11:31am

Very familiar with Guide to the Markets. And the every day investor does do bad

TPcoug

9/27/17 12:10pm

I didn't say the returns were not very good, I was pointing oput the fact that

airwolf

9/27/17 1:02pm

you must not be talking to the majority of people. Unless you are just invested

TPcoug

9/27/17 10:26am

See my response just above

airwolf

9/27/17 1:03pm

Seriously? From peak to trough anyone in 100% equities should have been

DK-

9/29/17 3:09pm

Yet I know of no one who has.

airwolf

9/30/17 9:06am

You need to look at it a little differently. Tax diversification is key to

airwolf

9/26/17 2:14pm

What exactly are you referring to when you say "tax diversification"

DK-

9/29/17 3:13pm

It is a foundational part of a retirement plan.

bccoug

9/30/17 12:44am

^^^This^^^

airwolf

9/30/17 9:07am

High-dividend paying stocks is a bit too broad IMO.

Y'zFan

9/26/17 2:21pm

real estate is WAY too often overlooked here. If you bought an investment property when you were 35 by the time

HarlemCoug

9/26/17 2:28pm

100% stocks. You don't need bonds, money market, etc.

Scott_Tenorman

9/26/17 2:30pm

That is very risky if you need those assets for expenses and the market takes a

Y'zFan

9/26/17 2:33pm

RE: 100% stocks. You don't need bonds, money market, etc.

Woody3715

9/26/17 2:52pm

this is also illegal for anyone that is even remotely close to retirement. lol

travispj772

9/26/17 3:56pm

Every finance and investments teacher I had at BYU and ND said annuities are

El Pasco

9/26/17 4:15pm

This has been true if you are looking at them as purely investment vehicles.They

airwolf

9/26/17 4:19pm

And they are right.

travispj772

9/26/17 7:07pm

They’re not a great way to accumulate money.

bccoug

9/26/17 7:49pm

They aren't bad as long as you know what you're getting and have the

DK-

9/29/17 3:14pm

This is the problem, they are often mis sold or not explained clearly enough.

airwolf

9/30/17 9:08am

People that should consider an annuity:

bccoug

9/26/17 7:51pm

Good info

DK-

9/29/17 3:15pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad