I absolutely LOVE this! When my husband died from a heart attack, I wanted to retire (I'm a letter carrier) because I felt the Post Office killed him from all the stress they put on him as a supervisor, knowing he had major health issues. There's a guy that comes around my work (usps) offering to "help" people with their retirement planning, and I know SO many retirees went with him. He presents himself as a federal employee and even says, the government pays him to do this. (He actually works for an insurance company and gets a huge commission on the back end... I did some research). In my grief fog, I called him and he came to my house to "consult me". He wanted to know how much was in my husband's and my TSP accounts (red flag) and told me to move EVERYTHING to the G fund immediately and call HRSS to ask for a retirement package, then he promised a "guaranteed income" from an annuity. But when I called, they told me I wasn't old enough at 54. He should have known that... that's when I realized maybe he wasn't really there to "help" me, but rather to help himself! I blocked his number.
One of the major brokerage houses did a study as to which type off accounts that made the most money. The two were ppl that forgot they had an acct and ppl that died (inherited acct). Moral of story.... time in the market not timing the market.
Sound advice. I moved to G during a couple of big bumps while my friends did not. In the end they were like 20-30% richer doing nothing. And you can't get that investment time back.
Mr Haws....NOW that...was just simply OUTSTANDING!!!! Didn't really know it...but YOU...just re-emphasized that I made the right decisions. Annuity, Whole LIfe Insurance, and moving it to the G Fund (like some of my co-workers did)...SPOT ON!!!!! And yes..it was helpful so now..I can share that with my friends and co-workers as naturally..they didn't believe me. Thank you and keep up the great videos. YOU ROCK!!!!! Take care and Stay safe. JT
I am leaving mine in the C fund and at 59 1/2 I will do installment payments thus getting a little out of my TSP and it continues to grow. With an annuity...you have what you have.
@@SpookyEng1 The 50% decline in 1974 was followed by a rally of 2447% before the next 40% decline. The 51% decline of 2000-2002 was followed by a 105% rally before the next 58% decline in 2008. The market has rallied 750% since that time (not including dividends) with no 40% decline as of yet. So all in all the market always returns and goes higher.
Years ago, my FP talked me into buying 2 annuities. Last year, they matured and I could start getting $1000 a month for life. The bad thing was there was nothing included in the payment for inflation. $1000 today is not $1000 in the future. The worst thing was that that $1000 was deducted from the amount of the annuity so when I died, there would be nothing left to leave to my kids. I cashed them in and moved the majority of it to my TSP and the rest to my brokerage account.
@@EatLeadPal Yes, there are low commission simple annuities that may be a good fit for the personal situation. I understand your inflation comment, about no death benefit, but I am confused about $1K deduction. Was it some kind of annual expense or fee for what kind of bell and whistle feature? I am glad you were able at maturity to move back into brokerage, so not taxed? I noticed your use of the term Financial Planner over the usual FA which could be an insurance salesman. Just as not all annuities are immediate income, not all planners and/or advisers are real fiduciaries. I don't pay for plans or advice or AUMgmt just like I don't pay anyone to prepare my taxes, but I do have CPA and MBAs in my extended family.
@@edmundfong7288 The $1000 was what I would receive each month for the rest of my life. It was also deducted from the total each month mathematically so the if the amount was $100,000, it would be 99,000 after the first month and so on. Eventually it would be zero. I would still receive $1000 a month until I died but my heirs would get nothing.
@@EatLeadPal Thanks for the reply. In an ideal world, you live so long you get your monthly $1K so long after the $100K balance is gone assuming you and the insurance company had "fair"cost of money rate. It is mortality credits as well as the Fed funds rate. Present Value equals Future Value "discounted" is huge IF but the insurance companies spread the longevity risk. But individuals like you and me worry either we die too soon or live enough that our Own money runs out. Again, glad you got money back before the irrevocable monthly payouts started without any tax consequences. Usually there is some kind of opportunity costs for any decisions we make. Most FAs err on the side of investing for market growth. Insurance is risk transfer, but annuity death benefits are taxable not like pure insurance. Plus your heirs ideally are almost as old as you, so inflation too. Hope you now appreciate how complex an idea is the cost of money is that we b-school types give it the fancy name Capital Assets Pricing Model.
In a perfect world, I'd LOVE to have more money in the C and S fund! and I know you recommend 3-5 years of reserve living expenses just in case the market turns sour. But what happens if you're a newly retired baby boomer and the market corrects like it did in 2008. Some recoveries, like the recovery from the Great Depression, can take a long time. It took a decade to recover from the Great Depression. Most baby boomers don't have time on their side for a lengthy recovery. Really enjoy your content. Thanks!
Thank you for your comment. Feel free to submit your question here: hawsfederaladvisors.com/question-submission-page/ This is where we get topics for future videos
Retirement is fun, if it's well planned. Last year, I made a property sale and had over a million dollars in proceeds. I allocated $400k to index annuities and put the rest in the trending algorithmic trading. So far I've more than doubled the annuity premium from the stock market. However I won't discredit annuities in any way, they buy you peace of mind but then, if you need growth, try other stuffs. Concepts like algo trading and diversification of assets can be of great help for growth oriented individuals.
I was wondering if investing in a cumulative ETF during this next decade is a sound investment. Or is it better to invest in a distributing ETF (even considering taxes)?
@@virgilhall6866 I use Josephine Guevara Laporte's popular program. She's a chartered financial analyst. Look her up and maybe schedule a call. Might be the best bet for you. Consistency and smart diversification skills were the clincher for me with Josephine. My portfolio has gone around 23% up from the last two quarters.
Hi, I'm planning for retirement and have like $600k in a CD account with a very low interest. I only need $20k for liquidity purposes(emergency fund) and plan on growing the bulk. I found Josephine Laporte's official website after I looked up her name. She's got some impressive stats and qualifications. Just dropped her a message. What's the fee structure though?
@@mattgallagher9940 Josephine takes ten percent of the profit she makes. And since it's an algorithmic based model, it's very much transparent. You can actually see what assets you have and how much growth your portfolio achieves over time.
Keep in mind with whole life insurance, and even universal life insurance, the insurance companies use the extra money you have been paying in to pay your beneficiary (ies) the amount of your policy should you die. You do not get your money back plus the amount of your policy.
Great question. If you think it works well for you and your retirement goals, it sounds great. If you would like to talk more about your retirement, feel free to schedule an appointment with us: hawsfederaladvisors.com/work-with-us/
That's fine for 5 yrs to go, maybe move 5% from C to the G fund every year to end up like 70%-C / 30%-G. Also if you want... cut back on the percentage to the TSP to start saving for a backup 2-3 yr 'Emergency Fund' [if you don't already have one] in like muni bonds, hi yield savings accts, or even laddered C.D.'s b/c it can take up to 6 months for the pension to kick in and if you're waiting to later get S.S.. Also you'll pay a bit less R.M.D.'s in your early 70's from your a Trad IRA [unless you converted it to a Roth IRA by then]...You may also be moving the TSP to a Trad.IRA 'during that 3-6 months after retiring' that so it's good to have a backup E.F. anyways.
Election Day: 11/5/2024 Temporarily allocated C-Fund & S-Fund to G-Fund for safety because of turbulence of S&P 500 during the presidential election. After the S&P 500 has become stable, move back the G-Fund to C-Fund and S-Fund. Any comments? Thanks!
Great question. Here's a great video that might have some insights: ua-cam.com/video/18cl-OmbhiU/v-deo.html&pp=ygUjaGF3cyBmZWRlcmFsIG1vdmEgYWxsIHRvIHRoZSBnIGZ1bmQ%3D
Love your encouragement, couldnt keep my dad from moving his funds but im holding the course. I would say i've seen people make the mistake of using pto payout as a down payment on a new truck and the taxes kicked them hard. Ill be putting mine into the retirement account.
Off topic but I’m a special category guy (firefighter) I work for the navy here in Southern California and am having zero luck with the steps in retirement. I can’t get a hold of anyone and everything we read says something different. Any advice? I just want things to be right. Thanks
I’m not getting what you are saying about Whole Life Insurance. Yes, it’s basically a death policy but has no age limit like Term Life. I’ve been paying 35.00 per month for over 30 years now (420.00) per year, $100,000 policy. When I pass away, my funeral expenses will be paid for so my family should not pay a cent & if any monies left, it goes to my beneficiaries . I took it out when I was 25 yrs. old.
I'm not an expert but if I understand correctly, the idea of a term policy is to only pay for it for the time period that you need it. If you've been investing for retirement, that $100k policy is no longer worth paying for since you'll have way more than that in your TSP.
Term policies end at a certain time and if someone lives past the end of the policy you have to qualify for a new policy and someone is older and the insurance will cost way more so why are you suggesting term insurance?
Also, when you are ready, move a little bit of money at a time. A really good day in the stock market would be a really bad day to make a big purchase.
I appreciate hearing you say not to try to time the market. You have reiterated what my Dad always told me to do Ride it out! 15% income went 100% into the C fund. It hit a million and now it has lost 17% this year. If I played it safe I would never have had that much to lose. I will take a little out here and there in my well deserved retirement while it continues to build on itself
The annuity sales person gets one payment for the life of the annuity, usually a 10 year period. AUM can cost you a lot more over the course of the 10 years. If you use an income rider instead of annuitizing you don't give up control of your account value. I like your videos, but I believe it is incomplete.
Three good points to consider. As for myself, I am 60/40 L2025/G Funds instead of L Income in retirement with tiny FERS pension and IRA withdrawals for Roth conversions into growth, trying to postpone SS at least until 2025 when Trump tax cuts end. My parents did buy cash value Life Ins. for me as a baby, but I cashed after divorce. I have 12% portfolio in Accumulation, not Income annuities that pay a little tax deferred interest, more importantly principal protection in this bear market. Of course, neither G Fund or annuities can keep up with the crazy inflation now.
I disagree with you on WL. If your policy is set up correctly one can benefit in retirement. I have many structured WL policies which contribute to my overall retirement strategy. However, if you go in blindly to a WL policy you can be disappointed. In addition, when I hit my 50s I was uninsurable and thank goodness I started my WL policies earlier. Another point do not confuse index universal life and variable life with WL, two different types of policies. To have a better understanding, I suggest reading Wade Phau's "Safety First Retirement Planning."
A question for your whole life salesman, "what happens to my cash value if I die?". Answer: they use your money, the extra money you are paying in, to pay off your life insurance. You do not get your money plus the value of your insurance policy!
@@marcboer1873 not true! It’s included in as part of my death benefit. In addition, I will cash in/ withdrawal my cash value in retirement. I will not need LI in retirement because I will be self insuranced.
So you build up your pension pot and have no option but to buy an annuity because that's what the rule state. You have to buy one whether you like it or not. You're saying there are good reasons not to, so what's the alternative that gives me a guaranteed income? You don't give alternatives just tell people what not to do. Half baked video
I appreciate your input,--Mr. Haws does save his alternatives for clients that have engaged his services. In fact, his "what not to do" may not be appropriate for a particular customer's financial situation. As for myself, I don't consider myself the high income, high net worth accredited investor open to the alternatives like private equity or "certificates of investment " (not to be confused with CDs) but only a little guy worried about the bear market and inflation. Have you looked at laddering individual bonds? Yields do get crazy happy face good when the Fed raises rates...good luck to all of us.
Good info, but position your camera so it's level with your face and you're looking straight at it, not below your face so you're looking down at it. Having the viewer look up into nostrils is never a good look. 😀
I absolutely LOVE this! When my husband died from a heart attack, I wanted to retire (I'm a letter carrier) because I felt the Post Office killed him from all the stress they put on him as a supervisor, knowing he had major health issues. There's a guy that comes around my work (usps) offering to "help" people with their retirement planning, and I know SO many retirees went with him. He presents himself as a federal employee and even says, the government pays him to do this. (He actually works for an insurance company and gets a huge commission on the back end... I did some research). In my grief fog, I called him and he came to my house to "consult me". He wanted to know how much was in my husband's and my TSP accounts (red flag) and told me to move EVERYTHING to the G fund immediately and call HRSS to ask for a retirement package, then he promised a "guaranteed income" from an annuity. But when I called, they told me I wasn't old enough at 54. He should have known that... that's when I realized maybe he wasn't really there to "help" me, but rather to help himself! I blocked his number.
You are amazing and so encouraging to listen too ! Thank you for what you are doing for us federal / military employees ! Much appreciated
* to
Thank you! Thank you for watching and I'm glad you find the information helpful.
So glad I heard this. I had an OPM financial advisor trying to sell me on transferring my TSP to a fixed annuity. Glad I didn't fall for it.
One of the major brokerage houses did a study as to which type off accounts that made the most money. The two were ppl that forgot they had an acct and ppl that died (inherited acct). Moral of story.... time in the market not timing the market.
Perfectly stated.
Sound advice. I moved to G during a couple of big bumps while my friends did not. In the end they were like 20-30% richer doing nothing. And you can't get that investment time back.
Great advice. Invest according to time horizon, not market performance. Thank you.
I've had my money in the C & S funds for 14 years and have never wavered. You can't make money unless you ride the wave! Woohoo! 😆
Thanks for sharing!
Mr Haws....NOW that...was just simply OUTSTANDING!!!! Didn't really know it...but YOU...just re-emphasized that I made the right decisions. Annuity, Whole LIfe Insurance, and moving it to the G Fund (like some of my co-workers did)...SPOT ON!!!!! And yes..it was helpful so now..I can share that with my friends and co-workers as naturally..they didn't believe me. Thank you and keep up the great videos. YOU ROCK!!!!!
Take care and Stay safe.
JT
That's awesome! I wish you the best, thanks for watching the video.
Great new mic. Much better sound quality! Also great information.
Thanks! I appreciate your feedback greatly! Thank you for watching.
Great advice that has aged well, look at the market growth in the last two years, my TSP is up 18% YTD.
You are so knowledgeable! I wish I was surrounded by people like you.
Thank you for your comment! Glad the video was helpful. Thank you for watching.
Can you do a video of the pros and cons of phased retirement. Thank you.
Feel free to submit your question here: hawsfederaladvisors.com/question-submission-page/
This is where we get topics for future videos
When the market is down, stocks are on sale like buying a Mercedes for Toyota prices.
Excellent video, everyone should listen to this advise!
Best value FEGLI - 75% basic life reduction: Cost $0
0 after 65, you have to pay before that
I am leaving mine in the C fund and at 59 1/2 I will do installment payments thus getting a little out of my TSP and it continues to grow. With an annuity...you have what you have.
Same with me.
Me too
That works if you can stand a 30-50% market drop. Volatility is a real risk (SORR).
@@SpookyEng1 The 50% decline in 1974 was followed by a rally of 2447% before the next 40% decline. The 51% decline of 2000-2002 was followed by a 105% rally before the next 58% decline in 2008. The market has rallied 750% since that time (not including dividends) with no 40% decline as of yet. So all in all the market always returns and goes higher.
I love these!! I wished they were around in my younger days. I wouldn’t have bought an annuity!!
100% good advice here!
Glad it was helpful!
I’m retiring at 58 years old. I’m 56 now!! How aggressive should I be still?
Great advice much appreciated thank you 😊
Glad it was helpful!
Years ago, my FP talked me into buying 2 annuities. Last year, they matured and I could start getting $1000 a month for life. The bad thing was there was nothing included in the payment for inflation. $1000 today is not $1000 in the future. The worst thing was that that $1000 was deducted from the amount of the annuity so when I died, there would be nothing left to leave to my kids. I cashed them in and moved the majority of it to my TSP and the rest to my brokerage account.
I thought you bought annuities at the point of retirement , not years beforehand ?
@@johnristheanswer There are different types of annuities.
@@EatLeadPal Yes, there are low commission simple annuities that may be a good fit for the personal situation. I understand your inflation comment, about no death benefit, but I am confused about $1K deduction. Was it some kind of annual expense or fee for what kind of bell and whistle feature? I am glad you were able at maturity to move back into brokerage, so not taxed? I noticed your use of the term Financial Planner over the usual FA which could be an insurance salesman. Just as not all annuities are immediate income, not all planners and/or advisers are real fiduciaries. I don't pay for plans or advice or AUMgmt just like I don't pay anyone to prepare my taxes, but I do have CPA and MBAs in my extended family.
@@edmundfong7288 The $1000 was what I would receive each month for the rest of my life. It was also deducted from the total each month mathematically so the if the amount was $100,000, it would be 99,000 after the first month and so on. Eventually it would be zero. I would still receive $1000 a month until I died but my heirs would get nothing.
@@EatLeadPal Thanks for the reply. In an ideal world, you live so long you get your monthly $1K so long after the $100K balance is gone assuming you and the insurance company had "fair"cost of money rate. It is mortality credits as well as the Fed funds rate. Present Value equals Future Value "discounted" is huge IF but the insurance companies spread the longevity risk. But individuals like you and me worry either we die too soon or live enough that our Own money runs out. Again, glad you got money back before the irrevocable monthly payouts started without any tax consequences. Usually there is some kind of opportunity costs for any decisions we make. Most FAs err on the side of investing for market growth. Insurance is risk transfer, but annuity death benefits are taxable not like pure insurance. Plus your heirs ideally are almost as old as you, so inflation too. Hope you now appreciate how complex an idea is the cost of money is that we b-school types give it the fancy name Capital Assets Pricing Model.
Looking very dapper in blue...
In a perfect world, I'd LOVE to have more money in the C and S fund! and I know you recommend 3-5 years of reserve living expenses just in case the market turns sour. But what happens if you're a newly retired baby boomer and the market corrects like it did in 2008. Some recoveries, like the recovery from the Great Depression, can take a long time. It took a decade to recover from the Great Depression. Most baby boomers don't have time on their side for a lengthy recovery. Really enjoy your content. Thanks!
Thank you for your comment.
Feel free to submit your question here: hawsfederaladvisors.com/question-submission-page/
This is where we get topics for future videos
That is why I have an overall 60 stock/40 bond asset allocation at 59 1/2, Don’t want to risk a large market correction early in retirement
Awesome info. Thanks for sharing!
Glad it was helpful!
Retirement is fun, if it's well planned. Last year, I made a property sale and had over a million dollars in proceeds. I allocated $400k to index annuities and put the rest in the trending algorithmic trading. So far I've more than doubled the annuity premium from the stock market. However I won't discredit annuities in any way, they buy you peace of mind but then, if you need growth, try other stuffs. Concepts like algo trading and diversification of assets can be of great help for growth oriented individuals.
I was wondering if investing in a cumulative ETF during this next decade is a sound investment. Or is it better to invest in a distributing ETF (even considering taxes)?
@@virgilhall6866 I use Josephine Guevara Laporte's popular program. She's a chartered financial analyst. Look her up and maybe schedule a call. Might be the best bet for you. Consistency and smart diversification skills were the clincher for me with Josephine. My portfolio has gone around 23% up from the last two quarters.
Hi, I'm planning for retirement and have like $600k in a CD account with a very low interest. I only need $20k for liquidity purposes(emergency fund) and plan on growing the bulk. I found Josephine Laporte's official website after I looked up her name. She's got some impressive stats and qualifications. Just dropped her a message. What's the fee structure though?
@@mattgallagher9940 Josephine takes ten percent of the profit she makes. And since it's an algorithmic based model, it's very much transparent. You can actually see what assets you have and how much growth your portfolio achieves over time.
@@theexpendables3152 Ok one more thing. Any idea if her services are available outside the United States? Thanks a lot.
Keep in mind with whole life insurance, and even universal life insurance, the insurance companies use the extra money you have been paying in to pay your beneficiary (ies) the amount of your policy should you die. You do not get your money back plus the amount of your policy.
Is 10% in G fund ok for someone 5-7 years to retirement or none at all?
Great question. If you think it works well for you and your retirement goals, it sounds great. If you would like to talk more about your retirement, feel free to schedule an appointment with us:
hawsfederaladvisors.com/work-with-us/
That's fine for 5 yrs to go, maybe move 5% from C to the G fund every year to end up like 70%-C / 30%-G. Also if you want... cut back on the percentage to the TSP to start saving for a backup 2-3 yr 'Emergency Fund' [if you don't already have one] in like muni bonds, hi yield savings accts, or even laddered C.D.'s b/c it can take up to 6 months for the pension to kick in and if you're waiting to later get S.S.. Also you'll pay a bit less R.M.D.'s in your early 70's from your a Trad IRA [unless you converted it to a Roth IRA by then]...You may also be moving the TSP to a Trad.IRA 'during that 3-6 months after retiring' that so it's good to have a backup E.F. anyways.
Election Day: 11/5/2024
Temporarily allocated C-Fund & S-Fund to G-Fund for safety because of turbulence of S&P 500 during the presidential election. After the S&P 500 has become stable, move back the G-Fund to C-Fund and S-Fund. Any comments? Thanks!
Great question. Here's a great video that might have some insights: ua-cam.com/video/18cl-OmbhiU/v-deo.html&pp=ygUjaGF3cyBmZWRlcmFsIG1vdmEgYWxsIHRvIHRoZSBnIGZ1bmQ%3D
Love your encouragement, couldnt keep my dad from moving his funds but im holding the course. I would say i've seen people make the mistake of using pto payout as a down payment on a new truck and the taxes kicked them hard. Ill be putting mine into the retirement account.
Can you be my financial planner? 😂 thank you for the videos! Super helpful!
Off topic but I’m a special category guy (firefighter) I work for the navy here in Southern California and am having zero luck with the steps in retirement. I can’t get a hold of anyone and everything we read says something different. Any advice? I just want things to be right. Thanks
I’m not getting what you are saying about Whole Life Insurance. Yes, it’s basically a death policy but has no age limit like Term Life. I’ve been paying 35.00 per month for over 30 years now (420.00) per year, $100,000 policy. When I pass away, my funeral expenses will be paid for so my family should not pay a cent & if any monies left, it goes to my beneficiaries . I took it out when I was 25 yrs. old.
I'm not an expert but if I understand correctly, the idea of a term policy is to only pay for it for the time period that you need it. If you've been investing for retirement, that $100k policy is no longer worth paying for since you'll have way more than that in your TSP.
Term policies end at a certain time and if someone lives past the end of the policy you have to qualify for a new policy and someone is older and the insurance will cost way more so why are you suggesting term insurance?
Feel free to submit your question here: app.hawsfederaladvisors.com/question-submission
This is where we get topics for future videos.
I took out all my funds and put it in the G fund in February 2022 should i put it back in the L40 and the S fund now ?
If you are still working, you should at least be putting new contributions into stocks.
Also, when you are ready, move a little bit of money at a time. A really good day in the stock market would be a really bad day to make a big purchase.
@@wildzeke I retire next year.
@@mikedv39 Congratulations. I am retiring this year, so I can understand wanting to keep a good chunk of money safe in the G fund.
I appreciate hearing you say not to try to time the market. You have reiterated what my Dad always told me to do Ride it out! 15% income went 100% into the C fund. It hit a million and now it has lost 17% this year. If I played it safe I would never have had that much to lose. I will take a little out here and there in my well deserved retirement while it continues to build on itself
The annuity sales person gets one payment for the life of the annuity, usually a 10 year period. AUM can cost you a lot more over the course of the 10 years. If you use an income rider instead of annuitizing you don't give up control of your account value. I like your videos, but I believe it is incomplete.
Three good points to consider. As for myself, I am 60/40 L2025/G Funds instead of L Income in retirement with tiny FERS pension and IRA withdrawals for Roth conversions into growth, trying to postpone SS at least until 2025 when Trump tax cuts end. My parents did buy cash value Life Ins. for me as a baby, but I cashed after divorce. I have 12% portfolio in Accumulation, not Income annuities that pay a little tax deferred interest, more importantly principal protection in this bear market. Of course, neither G Fund or annuities can keep up with the crazy inflation now.
Get ready for the salesmen coming to flame you for talking down the Whole life!
Audio track is over-modulated. Otherwise enjoyed your video.
I appreciate your feedback, thanks!
I disagree with you on WL. If your policy is set up correctly one can benefit in retirement. I have many structured WL policies which contribute to my overall retirement strategy. However, if you go in blindly to a WL policy you can be disappointed. In addition, when I hit my 50s I was uninsurable and thank goodness I started my WL policies earlier. Another point do not confuse index universal life and variable life with WL, two different types of policies. To have a better understanding, I suggest reading Wade Phau's "Safety First Retirement Planning."
A question for your whole life salesman, "what happens to my cash value if I die?". Answer: they use your money, the extra money you are paying in, to pay off your life insurance. You do not get your money plus the value of your insurance policy!
@@marcboer1873 not true! It’s included in as part of my death benefit. In addition, I will cash in/ withdrawal my cash value in retirement. I will not need LI in retirement because I will be self insuranced.
Thank you for your comment.
the comments critiquing your setup are annoying lol just absorb the knowledge
Thank you for your support. I appreciate the feedback as well.
Mic in the picture is distracting.
Thank you for the feedback.
Don't waste your money putting a 347 stroker engine in a 1990 Ford Bronco 2? Then what are we gonna do for fun?
👍👍👍
So you build up your pension pot and have no option but to buy an annuity because that's what the rule state. You have to buy one whether you like it or not. You're saying there are good reasons not to, so what's the alternative that gives me a guaranteed income? You don't give alternatives just tell people what not to do. Half baked video
I appreciate your input,--Mr. Haws does save his alternatives for clients that have engaged his services. In fact, his "what not to do" may not be appropriate for a particular customer's financial situation. As for myself, I don't consider myself the high income, high net worth accredited investor open to the alternatives like private equity or "certificates of investment " (not to be confused with CDs) but only a little guy worried about the bear market and inflation. Have you looked at laddering individual bonds? Yields do get crazy happy face good when the Fed raises rates...good luck to all of us.
Good info, but position your camera so it's level with your face and you're looking straight at it, not below your face so you're looking down at it. Having the viewer look up into nostrils is never a good look. 😀
Thank you for your comment. I appreciate the feedback.
Please, please, please. LOL. Okay, I will.:)