Obama to Highlight Annuities

[ksigmtsu]

If I remember this correctly, Warren Buffet said something simple about that, like your percentage position in fixed-interest low-risk investment should always be equal to your age. I always take that guys sage like wisdom to be correct. That being the case, moving anyone from mutual funds or stocks to annuities at any time would be a logical move as long as they were not hamstringing their investment potential by removing too much of their capital from the market.

Although, IMO now is a terrible time to be giving that advise, historically we're poised for an uptick in the stock market and the right time to move into illiquid low-risk fixed is in a down trend. Beginning of the next presidential cycle will probably be the time to move but the economy will be going up and people can never imagine the peak during an up trend.

 

[0b1kanobee]

Well being in an indexed annuity with an 8% cap and no risk of loss isn't too bad IMO when and if we are poised for upward potential.

I have seen 7% lately on some clients statements and they are extremely happy.

 

[Norwayguy]

Just had a client statement in an index annuity just float across my desk at 12.1% return for the past year...She is definatly happy....But even though I think annuities can be a good vehicle I cringe any time the government wants to protect people...I always seem to feel its protection for the government first and formost that they are interested in.

 

[Freddie]

At this point, I wouldn't put anything past government, Democrats or Republicans. Nothing really surprises me when it comes to news out of Washington.

It will be interesting to see how things play out but they can manipulate just about everything.

The guy who knows has been speaking with IMO like Advisors is David Walker. He was the Comptroller General and the head of the GAO. He was warning before Bush was there. $14 trillion defecit and $12 trillion in savings. They want those retirement plans part of the soc security ponzi scheme.

If the insurance companies can maintain the roughly 7.5% (after expenses) income riders then people are doing pretty good. People are crazy if they thing the 12 to 15% returns of 1980 to 2000 are possible. That was all due to the interest rate cycle of 16% down to zero over a period of 20 years. We probably will not see it in our life times. We have to go from zero to 16% first which may take a decade or more.

 

[PT202]

...being filibustered in the Senate by the new 'majority' of 41

 

[retread]

The guy who knows has been speaking with IMO like Advisors is David Walker. He was the Comptroller General and the head of the GAO. He was warning before Bush was there. $14 trillion defecit and $12 trillion in savings. They want those retirement plans part of the soc security ponzi scheme.

If the insurance companies can maintain the roughly 7.5% (after expenses) income riders then people are doing pretty good. People are crazy if they thing the 12 to 15% returns of 1980 to 2000 are possible. That was all due to the interest rate cycle of 16% down to zero over a period of 20 years. We probably will not see it in our life times. We have to go from zero to 16% first which may take a decade or more.

Right on... David Walker is CEO of the Peter G Peterson Foundation... the guys that bankrolled the IOUSA film that made its way around a couple of years back. They were sounding the warning about overspending in the government budget long before Obama or even the crash that put their words to test. The Peter G. Peterson Foundation

There is nothing like a 50% loss to break your love of 30% ROI. I made a lot of money in my 401K during the 90's (who didn't?) but lost it all in the aftermath of the crash in 2000 and the ensuing scandals on Wall Street, succeeded by 9/11/01... a triple whammy that left me holding an empty bag. NOW I wish I had an annuity instead of those worthless mutual funds. Even my pension was bankrupted, along with my company.... so I lost all my ESOP stock as well. Don't think that the PBGC will protect all of your pension... they run their own pension plan, and it turned out to be considerably different than the one I paid into for over 30 years. Some of my pension was preserved, but not all.

I will never invest in another 401k again, EVER. Give me an annuity any day. Any kind of annuity is better than most retirement alternatives.

 

[padthaiforlunch]

Although, IMO now is a terrible time to be giving that advise, historically we're poised for an uptick in the stock market and the right time to move into illiquid low-risk fixed is in a down trend. Beginning of the next presidential cycle will probably be the time to move but the economy will be going up and people can never imagine the peak during an up trend.

You don't say. What's going to drive this?

 

[GreenSky]

You don't say. What's going to drive this?

I can answer that. It's because I'm in the process of selling pretty much all my stocks and buying gold.

You can count on stocks to skyrocket and gold to drop under $200.

Rick

 

[0b1kanobee]

I can answer that. It's because I'm in the process of selling pretty much all my stocks and buying gold.

You can count on stocks to skyrocket and gold to drop under $200.

Rick

Good, now that we know what Rick is doing we can plan acordingly. LOL

 

[pcwest]

If you would like more check out. NYTimes Jan 30, 2010.

Wharton Financial Institutions Center will be writing another article on annuities shortly. I just spoke to one of the co-writers on Friday. I would also recommend getting connected on Van Mueller's website. He has everything you would ever need to know on a monthly basis.