The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Hi gang... wow!!!||Date: 9/17/2013 8:48 PM|
|Author: Dwdonhoff||Number: 72991 of 75825|
I continue to think your risk management process is ignoring a significant risk of entrusting all of your assets in a contractual obligation with a single entity, with only a state guaranteed insurance fund that will pay out up to $100k (in many cases) if the entity fails. Sure, it's an improbable event - probably just as improbable for any individual as their daughter contracting a rare disease that is curable only in Australia.
Not even close... not even in the same universe.
People are forced to liquidate their retirement investments while underwater *EVERY* *SINGLE* *SIGNIFICANT* *MARKET* *DRAWDOWN*. Without exception! 100% frequency!
When was the last time anyone lost any (let alone all, in a 'ruin event') due to a fixed life company going titsup?
What has been the frequency?
That's what I thought.... not even the same universe of risk.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|