No. of Recommendations: 0
Thanks BuildMWell. You reminded me that I left out some numbers. The $199,000 in assets is only for the American Express annuity inside of the SEP-IRA(part of the whole "parents burned" thread). The Vanguard account would be a straight SEP-IRA with starting assets of $183,000 ($199,000 minus $16,000 of surrender fees...ouch!) with much lower expenses but ends up better positioned. The 6% was just me being conservative. I'm in complete agreement with you in that I should be able to beat that.

The outcome seems to be the same and I'm tired of them getting ripped off by this "financial advisor". Yeah, they lose the guaranteed 3% on the principal and the death benefit but beating 3% seems like a no brainer to me.

Never thought about the ETF option...thanks for the tip.

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!
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.