Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (39) | Ignore Thread Prev | Next
Author: CountUptoten Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19371  
Subject: Re: In danger of running out of money? Date: 7/28/2010 12:39 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Michael: Can I vent a little? On subject but personal. There’s an insurance company and a bank who are pitching us to, in the first instance, to establish an annuity and, the second, a trust. In both instances the thrust is we live in gentile poverty while maintaining a direction where our children can have the means to do we can’t do because of the structure of the scheme.

I can't help but wonder why you are talking to them. Did they capture you and are holding you hostage? Does yout telepnone not have a "hang up" feature?

We have a family trust, which we control. It's mainly to avoid California probate, which can take a sizeable chunk of an estate. We also have a small annuity, which we control, from which we derive a small monthly income.

Count Uptoten
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (39) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement