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re: Fixed Index Annuity – do any of you have experience with them? Update on page 2
Posted on 10/9/14 at 6:24 pm to PlanoPrivateer
Posted on 10/9/14 at 6:24 pm to PlanoPrivateer
Not for non IRA assets in my opinion. You are taking capital gain taxable funds and turning them into ordinary income taxable funds. I assume you are in a tax bracket above 15%? At 65 it might be a good idea, but I still don't like indexed annuities. The only one that really comes out ahead generally is the broker. Are you still working? If so, how much longer?
1
Posted on 10/10/14 at 12:34 pm to Janky
quote:No longer working a real job. I continue to officiate high school and youth sports which pays me more than I need to fund my Roth IRA. I've been doing this on and off since 1975 and will continue until I no longer can. Then I'll try to operate the clock or scoreboard somewhere.
Are you still working? If so, how much longer?
quote:Will do. My guess is the % of the cap or some other fee will be a deal breaker but we will see.
I hope you report back after your meeting.
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