No. of Recommendations: 1
Come on then ; what's your ideas ? What I said was I'm looking at a S&P Index fund, a small/mid-cap fund, approx $40,000 in stocks through a discount broker. Also at present $80,000 to $100,000 in a tax free money market or I-Bonds. I believe I'm getting a handle on variable annuity ; the only advantage [if there is one] would be that the taxes are deferred. This is negated by the fact that it would be taxed as ordinary income as opposed to capital gains. Add to this a high commision, the money is commited for 10-15 years and less growth then one could gain elsewhere, mark it a NO-SELL here. As to the question of diversification I completly agree ; suggestions ? Knowing it's better to having to pay taxes then not having the income to be taxed on ; I waiting to be told how to best minimize them. As to your suggestion that because my retirement plans are mazed out and my age [48] that I do not need any liquid cash I fail to draw the connection. Thanks for the responses.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.