[Pgcacace]

Most of our retirement money is in annuities. We have not lost any money. It was a good move.

[Stu from NYC]

Originally Posted by Albany

There really is no reason to post such a snarky reply to the person who honestly discussed his retirement nest egg during this time of upheaval in the markets. And it sounds like he is doing fine, as am I.

Since you didnt quote anyone no way to tell who you are writing about.

IMHO many of us use this type of post as a learning experience to help others.

[retiredguy123]

Originally Posted by Stu from NYC

Since you didnt quote anyone no way to tell who you are writing about.

IMHO many of us use this type of post as a learning experience to help others.

I agree. Providing facts and opinions about good and bad investments should be part of an "investment talk" forum.

[Boomer]

Originally Posted by Stu from NYC

If you are happy all is well but would bet the guy who sold u the annuity wishes you had thrown more money at him.

Originally Posted by Stu from NYC

You purchased an annuity 55 years ago. Wow that salesman did you a disservice

Originally Posted by Stu from NYC

I am sure the salesman who sold this did very well. Hate to see people get taken advantaged of this way

Originally Posted by Albany

There really is no reason to post such a snarky reply to the person who honestly discussed his retirement nest egg during this time of upheaval in the markets. And it sounds like he is doing fine, as am I.

Originally Posted by Stu from NYC

Since you didnt quote anyone no way to tell who you are writing about.

IMHO many of us use this type of post as a learning experience to help others.

Seriously, Stu? Seriously?

Please connect the dots.

Boomer

PS: In fairness though, these quoted posts are not the only ones delivered in that recurring tone of belittling. Smarm and snark are thick around this joint……..

…….Oh my, I think I just wrote a snarky post…….EEK! Sometimes it is just plain contagious and I can’t help it…..

[Boomer]

Originally Posted by Biker Guy CJI

Not sure why you would even write this. I read this forum for entertainment value only. If you’re looking for advice, you’ll get both sides of the topic ten times over and maybe even from the same person in different posts. Then you have the comedians that think they’re more clever than everyone else, followed by the curmudgeons that want to try and embarrass you with how smart they are followed by what an idiot you are. The judgmental will evaluate your worth based on your perceived political views and decide to support you or harass you.

If you are happy with your decision 55 years ago I’m very happy for you. If you’re debating with yourself I’d discuss it with a small circle of friends that will be honest with you. Not the mob waiting to pounce.

Yep. Thanks for saving me the time to write pretty much the same thing. And, btw, ‘pounce’ is the operative word there.

Boomer

[OrangeBlossomBaby]

Originally Posted by Albany

There really is no reason to post such a snarky reply to the person who honestly discussed his retirement nest egg during this time of upheaval in the markets. And it sounds like he is doing fine, as am I.

Sadly, there's a shot of reality here: some folks aren't capable of feeling good about themselves and their own life choices and circumstances, unless they can demonstrate that others are beneath them.

[manaboutown]

In my experience a rising tide lifts all boats and vice versa. My stocks are down from their January 1, 2022 valuations as well and most of them are dividend paying large solid companies. What happened is that unpredictable Mr. Market altered his valuations of them for many reasons.

[Stu from NYC]

Originally Posted by OrangeBlossomBaby

Sadly, there's a shot of reality here: some folks aren't capable of feeling good about themselves and their own life choices and circumstances, unless they can demonstrate that others are beneath them.

Do not know what you might have majored in but if psychology you should turn in your degree.

[retiredguy123]

Originally Posted by Boomer

Seriously, Stu? Seriously?

Please connect the dots.

Boomer

PS: In fairness though, these quoted posts are not the only ones delivered in that recurring tone of belittling. Smarm and snark are thick around this joint……..

…….Oh my, I think I just wrote a snarky post…….EEK! Sometimes it is just plain contagious and I can’t help it…..

The tone may be questionable, but I agree with the message. People who sell annuities are not doing their clients any favors. Rather, their purpose is to enrich themselves at the expense of their clients. They do this by presenting inaccurate, distorted, and dishonest information about the product they sell. They have no right to call themselves financial advisors or to seek the trust of clients.

[Stu from NYC]

Originally Posted by Boomer

Seriously, Stu? Seriously?

Please connect the dots.

Boomer

PS: In fairness though, these quoted posts are not the only ones delivered in that recurring tone of belittling. Smarm and snark are thick around this joint……..

…….Oh my, I think I just wrote a snarky post…….EEK! Sometimes it is just plain contagious and I can’t help it…..

I did not mean to belittle anyone just gave my opinion of an "investment advisor" who gave terrible advise to a client. Thought I was helping others.

I apologize to anyone who thought I was belittling others.

[Topspinmo]

I am not in stock market any more an glad cause IMO it going to take big dump and that’s not going to be good for anybody.

[bern916]

Originally Posted by retiredguy123

The tone may be questionable, but I agree with the message. People who sell annuities are not doing their clients any favors. Rather, their purpose is to enrich themselves at the expense of their clients. They do this by presenting inaccurate, distorted, and dishonest information about the product they sell. They have no right to call themselves financial advisors or to seek the trust of clients.

You are wrong. Not ALL annuities are bad. We have a 4% 5-year FIXED annuity. We paid ZERO fees. No market exposure. Avoids probate. Grows tax deferred unless I choose to take the interest annually (or monthly).

Should all of someone's money be in fixed annuities, of course not. But it's a conservative option that can serve a purpose in anyone's retirement portfolio.

[MidWestIA]

If you can afford to shift a little into a index voo or vti when you hear it's gone down big and wait a year you can make good money. Just look at yahoo finance chart to see where they are in the cycle

[Bay Kid]

Most of the stock I bought over the years was my power company in VA. Good dividends that more than pays my electric bill every month and it has gone up every year.

[Travelhunter123]

Originally Posted by bern916

You are wrong. Not ALL annuities are bad. We have a 4% 5-year FIXED annuity. We paid ZERO fees. No market exposure. Avoids probate. Grows tax deferred unless I choose to take the interest annually (or monthly).

Should all of someone's money be in fixed annuities, of course not. But it's a conservative option that can serve a purpose in anyone's retirement portfolio.

Excellent point