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"HI,
I AM READING ALL OF THIS AND HAVE QUESTIONS. I HAVE JUST RETIRED. WE HAVE STOCKS, 401K, SMALL ANNUITY = ABOUT $170000. WE OWE MUCH: HOUSE, CARS, CREDIT CARD DEBT. I USUALLY WAIT FOR STOCK MARKET TO GO UP AND WITHDRAW SMALL AMOUNT TO HELP PAY FOR CC DEBT. I AM LOOKING FOR A VEHICLE TO INVEST MY 401K. I WAS GOING TO INCREASE MY ANNUITY. HOWEVER, I CANNOT WAIT TO ANNUITIZE. I NEED AS MUCH AS I CAN GET NOW! THEREFORE, I THINK ANOTHER ANNUITY IS NOT FOR ME BECAUSE OF FEES INVOLVED.
CAN ANYONE GIVE ME INSIGHT AS TO WHERE TO INVEST?
I AM NOT AFRAID OF THE STOCK MARKET. BUT I AM NOT TOO FAMILIAR WITH WITHDRAWAL RULES.I DO BELIEVE I CAN DO BETTER WITH THE STOCK MARKET THAN WITH AN ANNUITY THAT GUARANTEES 4% IF I WAIT TO ANNUITIZE.

ANY IDEAS WOULD BE GREATLY APPRECIATED. "


Spend a whole lot less

Pay off all your debt, chop up your credit cards, downsize your house, and get a part time job.

You seem to be in terrible financial shape.

Roll over your 401K to Vanguard or Fidelity, pout 50% in stocks and 50% in US and international bonds, and don't touch it till you get to 66. don't take SS till you are over 66.

SPEND LESS. A LOT LESS. Downsize your life style. You are broke.





t.
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