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Non-Cattle Specific Topics
Coffee Shop
What's a "good livin" in your area
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<blockquote data-quote="boondocks" data-source="post: 1331226" data-attributes="member: 20599"><p>Ryder, there's all different kinds of annuities. Some types are more trust-worthy than others. (Personally, I would never buy any financial product which is sold at a seminar). The specific type of annuity I'm talking about is just taking a small piece of your portfolio and using it to guarantee a specific, later income stream if you become "superannuated" (very elderly). With the ones I was mentioning, you get your principal back at a minimum. That way you can stop living like a miser in early retirement, worried about outliving your funds. With this type, the rate etc doesn't float; it's fixed when you buy-in.</p></blockquote><p></p>
[QUOTE="boondocks, post: 1331226, member: 20599"] Ryder, there's all different kinds of annuities. Some types are more trust-worthy than others. (Personally, I would never buy any financial product which is sold at a seminar). The specific type of annuity I'm talking about is just taking a small piece of your portfolio and using it to guarantee a specific, later income stream if you become "superannuated" (very elderly). With the ones I was mentioning, you get your principal back at a minimum. That way you can stop living like a miser in early retirement, worried about outliving your funds. With this type, the rate etc doesn't float; it's fixed when you buy-in. [/QUOTE]
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