No. of Recommendations: 0
Tough situation. Sort of convoluted, thanks to the patchwork of tax laws. You can save more monthly than your imputed taxable earnings.

The annuity option sounds like one possible compromise. Choose one with a good mix of non-proprietary sub accounts. American Skandia is a good example; no proprietary subaccounts. They also monitor their subaccount managers very aggressively and replace them if they are not meeting peer-mirrored benchmarks.

We manage a fair amount of client assets using this vehicle. We're at about 10% gain YTD, afte all those nasty fees have been taken into account.

Somewhere else, I believe in response to a retirement planning question regarding buying annuities with $200,000 of retirement money, I made the case for purchasing multiple annuities instead of just one. This gives you tax planning options on the withdrawal end.
Print the post  

Announcements

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.
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 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.
Advertisement