I have gone to some of those free sales pitches but haven't been convinced enough to invest in any. My mother's investment advisor tried to explain one to me recently over the phone that had certain guarantees and also assumable by beneficiaries but I'm a little leery of anything that is that difficult to explain--really would have to go in to understand what he is talking about. I know they are not all bad but you need to be careful.JimB wrote:I am interested in indexed fund annuity but to be honest I don’t know much about it. I have read you can never suffer a loss just gains. If anyone can share what you might know about Index Funds I would appreciate it.
If you can manage 2/3 of your retirement account, then you're smart enough to realize that even an indexed annuity will give lower returns than a simple total stock market buy&hold mutual fund; and it doesn't force you to give up your capital.
If you need a constant monthly check, hold 3 years worth of your retirement account in a savings type account and replenish it only when your growth retirement account is up. Three years will last through a recession and recovery without withdrawing from the growth/stock account. You don't have to take any losses by withdrawing from the growth account when it's down.
When the TSP changes take effect, you might even be able to withdraw from the G fund only while letting the rest of your money grow, we'll see.
I salute you sir, fair winds and safe travels during your retirement. Looking at your Fantasy TSP you've done very well .... I'm jelly!JimB wrote:Thank you for your replies. After giving it some thought I think I can do better investing in an L fund when the time comes. I will be retiring at the end of July and will continue to invest my monies the same way I’ve invested in the fantasy fund. This forum and everything I’ve been able to learn here has earned me a good amount of money last year so I’m going to just stick with what works. Thank you all.
Pending AllocationsUnder development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".
What else"Don't ever half-ass two things. Whole-ass one thing."
- Ron Swanson