kellyjam: I am not challenging your veracity concerning the recommendation from Vanguard for the high stock/low bond split for investors in their 80's. It may have been they dealt with an inexperienced employee; albeit Vanguard management must take the hit. I just do not feel that the entire company should be dismissed because of this one employee.
I pushed for a high stock/ low bond split and my Vanguard rep spent a very long time reminding me that at my age I might want to reconsider. He reminded me that my risk adversity seem to be related to a 21 year old rather than a retired guy....However my goals focus on leaving my nest egg to my kids. Therefore taxes are the main problem for me
Having said that with the Fed's central planning our economy and the continuing qe's and bond buying the bond market is also a perilous undertaking these days.
I also would not invest in an annuity because the trade off between security vis a vis return is skewed to the insurance company favor. Again if it buys peace of mind for an investor well then it may be the investment tool for them
It all comes down to how risk adverse we are as investors
Personal Best Regards:
|