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ElbertoHokie

Joined: 01/01/2005 Posts: 8170
Likes: 4099

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I've got an annuity that my financial advisor


signed me up for with the earnings from my first 401k. I've left it in there but he did it right before the financial crisis hit. It indexes to the S&P 500 but the user incurs no losses if the S&P 500 drops. Obviously they cap the upside amount I can gain yearly to make their money. But the annual date where the gains are locked in for the year is fast approaching.

Happy that I'll have those locked in, in case we do see a near term correction.

Posted: 01/25/2018 at 10:12AM


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Current Thread:
 
  I've got an annuity that my financial advisor -- ElbertoHokie 01/25/2018 10:12AM
  Why do you have an annuity? ** -- vtbones 01/25/2018 11:39AM
  Because his financial adviser wanted a big commission for selling it. ** -- Hokie360 01/25/2018 12:10PM
  Well, yeah.That's what I assumed. ** -- vtbones 01/25/2018 12:15PM
  It's not that much money. I'm only 33. At the time, I think it was good -- ElbertoHokie 01/25/2018 12:12PM
  Diversification -- ElbertoHokie 01/25/2018 11:41AM
  That doesn't make sense. It just tracks the S&P. -- vtbones 01/25/2018 11:49AM
  All of my other 401k is invested in index funds. ** -- ElbertoHokie 01/25/2018 12:14PM
  The annuity isn't giving you diversification. -- vtbones 01/25/2018 12:18PM
  Buying bluestar ** -- ElbertoHokie 01/25/2018 12:34PM
  It is a 10 year annuity. Returns can vary widely on rolling 10-year return -- lchoro 01/25/2018 11:55AM
  JG Wentworth 877-CASH-NOW ** -- JoesterVT 01/25/2018 11:49AM
  Really don't see much of a correction in the short term -- EDGEMAN 01/25/2018 11:17AM
  You have to be a little careful with the fine print on those step up plans -- BigDave 01/25/2018 11:10AM

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