At 59 and half I will be able to take out money from my variable annuity.Quesion:since i have had it for 17 years and it just recently bounced back to where it was 17years ago plus 10,000-I am thinking of moving 20% into the annuity moneymarket fund from the index 500 fund just so it stays at least at principle and move 20% to a growth fund and pray that in 14 months when i can start withdrawing this step will serve me well- When i called today to find out when I could start withdrawing the rep suggested a FIXED anniuty for some of the monies that I plan to withdraw at that time - my thoughts - would do better in a couple of dividend stocks or even CD's -if I had just put it in the bank -rule of 72 I would have doubled it for that length of time!!Any thoughts on this strategy? Many thanks!!!
Why are you so fixed on annuities? Donna
I guess I was not clear -I have 14 months and then I can start withdrawing and I do not want to be in ANY annuity at that time -but right now I want to build it up as best I can for that 14 month period -then I need a strategy for investing that part of the port - it is 40% of port currently but I want to shift it all eventually into other inverstments - currently - I have 20%of port in moneymarket , 30% in Treasury money market, 5% in bond funds, and 1% in g/s stock and 10% in dividend stocks. So I am thinking - when I can withdraw to allocate 20%of the existing annuity to divivdend stocks,and 10% to CD and 10% to ?
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