[NJblue]

OK, when you talked a 5% earning rate, I assumed you meant under the umbrella of the annuity that was discussed. I guess my next question would be - where are you going to find an investment that grows at a constant rate of 5%?

[buzzy]

Amazing how things have changed. In 2007, a year before retirement, a fee-based financial planner ran our cash-flow simulations. The model predicted a 95% chance of our savings lasting 30 years. Back then, they were still using a 9% earnings rate in the model. Since retirement, we have been getting 3%.

[GatorFan]

The Prudential Product may not be for everyone but It is worth inquiring about before forming an opinion.

[BobKat1]

Our financial planner/advisor recommends the Prudential product IF we are interested in an annuity.

[SukiChu]

Hi Neighbor ! The only information I have at the present time is the booklet that our financial advisor left for us. The website is www.Jackson.com. There may be more information on the web. (you go first and let us know how it's working out!)

[CaptJohn]

Originally Posted by buzzy

Amazing how things have changed. In 2007, a year before retirement, a fee-based financial planner ran our cash-flow simulations. The model predicted a 95% chance of our savings lasting 30 years. Back then, they were still using a 9% earnings rate in the model. Since retirement, we have been getting 3%.

Oh, well, back to work!

[aaffmom]

Jackson is not the same. Pru locks you in at the highest daily market value and that grows at 5% for income for life. If market goes down your income protection does not.

If you are looking for a product with guarantee income for life check the Prudential product.