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Old 02-11-2018, 02:37 PM   #11
Meadowlark
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Quote:
Originally Posted by bluefin View Post
1. Fees should not concern buyer unless it impacts their return
2. Correct but there's a guarantee tradeoff
3. Correct
4. After 59 1/2 you can start withdrawing it
5. See 4
6. You're forgetting you also got to deduct your original investment from your income amount so that portion you didn't pay tax on

...
LOL...in what Universe is it that fees not impact ROI? It would have to be a dishonest one. Show me a buyer not concerned about fees...and I'll show you a fool soon to be parted from their money.

Guarantee, LOL.

Forgetting what? That marginal tax rates are consistently higher than capital gains tax rates.
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Old 02-11-2018, 02:48 PM   #12
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bonds going down as well as stocks

You also have to remember that Janet Yellin (and greenspan) just told us that both stocks and bonds were way over valued before she left the FED.

I would take heed and do not invest in either right now. They are both in bubbles the like of which are best viewed from the sidelines in cash.

Bond interest rates are going up and that is killing bond prices. If you are in a bond fund it is getting negative returns, a lot better than stocks probably but less than 0 and worse than a money market fund or cash / savings.

The only reason I'm in a short term bond income fund is there is no other choice for a money market or safe cash fund in my 401k and I'm maxed out in my self directed account there which is in money market right now.

So I would take heed of the warnings. Can always get back in at the same price or higher if this thing turns around in a few weeks and goes to new highs but really the likelihood of that happening is near to impossible due to valuations and raising interest rates and raising inflation. This is why the crash is starting and they always start slow and gain momentum until panic hits the general public and by then it is too late and most people have to ride it out. If we're lucky this is a 20% correction and end in 3 weeks or it could be like 1987 and drop 41% for 3 months and then keep going higher. However valuations now are super inflated compared to 1987. My guess is this is going to be a big drop and cause problems. I would not want to have any annuities going into this.
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Old 02-11-2018, 03:03 PM   #13
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Wouldn't buy an annuity under ANY circumstances.

If anyone REALLY looked into all of the fees and gimmicks that are in that 30/40/50 page document, they wouldn't buy one either.
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Old 02-11-2018, 03:42 PM   #14
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Quote:
Originally Posted by richg99 View Post
Wouldn't buy an annuity under ANY circumstances.

If anyone REALLY looked into all of the fees and gimmicks that are in that 30/40/50 page document, they wouldn't buy one either.

But, but, but, we are told fees "should not concern buyer". LOL. Only a fool would not be concerned with fees.

I agree w/you.
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Old 02-11-2018, 04:02 PM   #15
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Famous Quote for the times

Interestingly enough we've got a similar comparison for today in this article here:

"Opinion: This might be the most sustainable stock market bubble ever"

http://www.marketwatch.com/story/thi...ver-2018-01-18
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Old 02-11-2018, 05:02 PM   #16
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At least the current commentator allows for a 5 to 10 % correction. No surprise there.

NO ONE knows what the next weeks will bring. Anyone who was surprised at the correction hasn't read his history books.
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Old 02-27-2018, 07:10 PM   #17
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Quote:
Originally Posted by richg99 View Post
Wouldn't buy an annuity under ANY circumstances.

If anyone REALLY looked into all of the fees and gimmicks that are in that 30/40/50 page document, they wouldn't buy one either.
kind of like a prospectus???? no hidden fees in them is there?
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Old 02-27-2018, 08:18 PM   #18
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What is wrong with investing in blue chip stocks paying 4-5% dividends? Does anyone really think At&t and other blue chips will go default in the next 10-15 years?
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Old 03-29-2018, 10:25 PM   #19
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Quote:
Originally Posted by bigfishtx View Post
What is wrong with investing in blue chip stocks paying 4-5% dividends? Does anyone really think At&t and other blue chips will go default in the next 10-15 years?
That’s exactly what the guy who bought GE one year ago thought.
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