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Originally Posted by Jim1mack
We bought an Annunity when we retired at age 60. Liked the perpetual guaranteed income that would continue till we expire. We now can take the remaining amount without penalty and add it to our brokerage account. Was tallying the dividends earned in that account which are reinvested. Saw that adding the Annunity amount to those holdings would result in dividends that more than replace the Annunity payments if I took them instead of reinvesting them. Principle would be untouched along with those holdings appreciating long term.
Opinions? What may I be missing?
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May want to have some cash in a safe place. Dividend paying stocks will be the safest if there is a drop in the market. The "Buffett Indicator" of market value indicates the market is overvalued and will pull back at some point, probably sooner than later. I would have at least 50% of my investments in cash or similar at this time. Search "Buffett Indicator"