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Perhaps this is not the right board...but, I thought I could, as a "boomer" ask a question of some "geezers" and get solid advice.

I am still in the accumulation stages, having just turned 50, for my retirement in 15 or 20 years. I will soon be receiving some moneys, nonqualified and already taxed. These moneys are to be set aside for our retirement years. We are already maxing out, my wife and I, on our IRAs. It looks to me as though I have three choices, and I am interested in thoughtful opinions on the best alternatives. (I am ruling out a deferred fixed annuity...for either now or in retirement years).

1. Variable annuity with good aggressive fund choices, such as is available with Sun America and with American Skandia. Principle advantage is deferred tax growth on dollars that cannot be in an otherwise tax-advantaged vehicle (such as IRA, 401k, SEP, etc.). Principle disadvantage...are fees and insurance mortality expenses.

2. Direct stock purchases with these funds. Principle advantage...no bogus expenses taken out by fund managers and insurance companies. Principle disadvantage...must pay taxes annually on dividends.

3. Purchase undeveloped land here in Maine for future woodlot sale. Keep it undeveloped to maintain low tax bill on the property to local town. Principle advantage--no income or capital gains taxes until property is sold. Principle disadvantage--property taxes must be paid annually & lawmakers may pass legislation that wipe out the potential of the property as a wood lot.

Any sage wisdom out there by folks who have been there and done that?? Or from others like me who are lurking here hoping to gain some insight??

Thanks for your help and considered opinions!

KCofMaine
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