They’re not a great way to accumulate money.

Sep 26, 2017
7:49:57pm

bccoug Walk-on

But they do have a place in certain portfolios that need more guaranteed income. I don’t get excited about selling them beyond doing a SPIA which really doesn’t pay that great by the way

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bccoug

New username: KSwiss
Bio page: bccoug
Joined: Oct 24, 2011
Last login: Sep 11, 2018
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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

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