Florida Shooters Network

Talking about retirement in another thread.
Say you got 100k in 401 and it not doing good, keeps losing and it’s mutual funds not agressive.
Does anyone Have annuities they invest in?
Early retirement @62 SS about 1800?
What else can I invest in?

Gregmp15 wrote: ↑Sun Mar 19, 2023 11:39 pm Talking about retirement in another thread.
Say you got 100k in 401 and it not doing good, keeps losing and it’s mutual funds not agressive.
Does anyone Have annuities they invest in?
Early retirement @62 SS about 1800?
What else can I invest in?

Gregmp15 wrote: ↑Sun Mar 19, 2023 11:39 pm Talking about retirement in another thread.
Say you got 100k in 401 and it not doing good, keeps losing and it’s mutual funds not agressive.
Does anyone Have annuities they invest in?
Early retirement @62 SS about 1800?
What else can I invest in?

Good morning!

On one hand I sorta cringe when I see “what should I do with my money?” discussions on open forums but then I remember “the #1 problem with money is that it doesn’t come with instructions.”

The long answer is self education but, that is not what 99% of people want. People want results (why so many garages have all the “flat stomach gizmos” collecting dust when the way to a flat stomach is sit-ups every day, haha!) but the truth is, “it doesn’t take money to make money, it takes TIME.”

I could not get my accrued money out of my old employers 401 program quick enough. I started reading the “new investors classroom” on Morningstar.com (membership is Free!) decades ago and so I knew three things:
1) my employers 401 program offered horrible mutual fund choices;
2) “fees” even tho they appear to be cents on the dollar will bleed your financial future like a leech
3) T. Rowe Price (and Vanguard and Fidelity) have some of THE BEST and lowest fee mutual funds in existence.

AND, it is a little known fact that THE ONLY away one can get into certain (the most successful) TRP funds which are closed to new investors (because of their long term success) is through 401 “rollover” into TRP IRA’s

What I did was contact TRP and their rep assisted me in wresting my money from my old employers 401 and rolling it over directly (so no tax penalties) into the new IRA I established with TRP.

Through our direct-to-IRA- rollover My wife and I were able to access otherwise closed TRP mutual funds like Capital Appreciation (PRWCX), Mid Cap Growth (RPMGX), New Horizons, Global Technology, Small Cap (OTCFX) and others.

I have since put our son (bounced around between employers and had a confusing array of like 4 or 5 different 401’s), it was a mess and he struggles with this kind of stuff but, the TRP’s are the best.

Call 1-800-366-5910 to roll over your old 401(k) with RolloverConcierge

I have no interest in TRP other than that is where approx 50% of our money is (30% w Vanguard, 15% w Fidelity and 5% w Prime Cap)

By the way, both Fidelity and Vanguard now have ZERO FEE and ZERO cost “total market” mutual funds and you can’t go wrong if investing in one of those is all you do (along w “live within your means and stay between your seams”)

NOW is a fantastic time to buy (another secret to my success has been always being a contrarian - whatever the headlines are blathering about is already the Past and doing The Opposite has yet to fail me. Perfect example, when Klinton first got elected and ShrillDaBeast was all over the tv shrilling about how she was going to reform healthcare and healthcare funds crashed I put as much money as I could into healthcare! That was lawd I’ve forgotten how many decade ago and the Klinton Foundation crashing the healthcare market - which then steadily climbed for 20 years - bought us a house on a mountain lake!

Same thing with Hunters daddy - remember all his blathering about energy? I bought as much energy as I could as it crashed leading up to the election and guess what? Yep - guaranteed, whatever the D’s say they are going to make better they mean their top 3% is gonna get rich off it.

Last example: Obama history’s greatest gun salesperson, second only to Bidet!

Best of success. (Go to Morningstar.com and Learn to make your money work for you, yourself!)

Tax free municipal bond funds.
They are safe, but they only pay around 3.5 to 5 %, but you pay no taxes on them.
But, even so, you are just keeping up with 6% inflation.
Still, it is better than losing money with today's economic mess created by the Socialist Democrats.
You can convert your 401k to a self directed IRA after you leave a company.

I and my wife have held tax free bond funds via Vanguard for 30 years; as that is where I put the money I received from my parent's estate, and the wife from her mother's estate.
Then we have a third tax free bond fund with Vanguard, where I'm putting the mandatory withdrawals from the IRA.

Have no experience with annuities, so I can not speak of those.

Should have invested in machine guns, prior to 1986 :>))

Asking for financial advice over the inters-net is the worse thing you can do.

That being said, it is the Kommie's goals to break the economy and destroy the US. Their plan is working well on all fronts. We are way, way past the point of no return.

It is too lake for you to recover. Selling now is like my brother-in-law that sold all his stocks at the bottom of the market in the 2008 crisis. Don't sell low and then buy high.

Even getting a financial advice from a "fiduciary" is bad. My wife lost a ton using such a well respected fiduciary. I prefer to loose my own $ myself.

Even though you can get 4% in various money market accounts, you are loosing with 8% inflation and taxes.

My take - put a good amount of $ in ammo.

The only winners are Goobernment workers that get a pension and COLA. We all have guns to our heads to pay for them forever.

The one that looses the least wins in this environment. Actually, the Kommies win - er' have won.

If
You have a secret you could pm me
Does anyone do life ins annuities?

Had first union bank remember them? Tell me I could be a millionaire by time I retire but that was hogwash. I managed to make past one episode of scare back in 1990?

If you're retiring in the near future, you do not want agressive investments! You may as well go to the Casino and take your chances. Annuities come with a lot of fees, are hard tounderstand, and pay very high comissions to their brokers. It is also a product devised by insurance companies, snake oil salesmen if there ever was one.

Precious metals, brass and lead

Gregmp15 wrote: ↑Mon Mar 20, 2023 8:10 pm If
You have a secret you could pm me
Does anyone do life ins annuities?

If you do decide on an annuity, these gave the best rates I could find and I did go with them: https://www.schwab.com/annuities/fixed- ... calculator

Take an opportunity to go talk with a local edward jones rep, see what they have to say. Discuss your options.