Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Voting no
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="IVE GOTTA PACKAGE 4U" data-source="post: 5669252" data-attributes="member: 45051"><p>Nothing wrong with annuity if you want to add a little extra fixed income to your monthly pension</p><p></p><p>And there are several different kinds of annuities</p><p>But if you take an immediate annuity which law advertise 6% return for income purposes only basically for the first 17 years you'd be getting a return of your principal then anything after that would be interest I guess</p><p></p><p>If you had a million dollars in your 401k and bought a 30 year treasury paying 4%, you could take $40,000 a year out and you'd still have the $1 million at the end of the 30 years</p><p></p><p>Annuities are not all bad but they do have some hidden fees and expenses with them</p><p></p><p>Trust me I've been looking to many things cuz I'm getting close to retirement myself my friend</p></blockquote><p></p>
[QUOTE="IVE GOTTA PACKAGE 4U, post: 5669252, member: 45051"] Nothing wrong with annuity if you want to add a little extra fixed income to your monthly pension And there are several different kinds of annuities But if you take an immediate annuity which law advertise 6% return for income purposes only basically for the first 17 years you'd be getting a return of your principal then anything after that would be interest I guess If you had a million dollars in your 401k and bought a 30 year treasury paying 4%, you could take $40,000 a year out and you'd still have the $1 million at the end of the 30 years Annuities are not all bad but they do have some hidden fees and expenses with them Trust me I've been looking to many things cuz I'm getting close to retirement myself my friend [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Voting no
Top