Someone with better advice then here.

I sold my house 3 months ago and had the same decision to make. Here is where I put my money:

https://i.imgur.com/Br5K23r.png

Their highest commission product, no doubt!

Guns and ammo, lots of ammo....

Interesting. This does support my state of mind these days.

Giggle, snort

Don't trust annunities, especially since the fiduciary requirement was overturned in 2018. It now feels like a giant scam. However, thanks for your input

Though I love the creative business ideas. . its a very difficult choice right now, because the Federal reserve has said it is raising interest rates, which depresses equity prices, especially technology shares. A slowing economy and higher prices with inflation will squeeze alot of margins and eps. However, a slowing economy and world war iii about ready to break out will help put a floor on the bond market.

I would wait as there is no reason to rush into buying equities, and long dated bonds are not the best with possible inflation continuing. .

If you must buy equities, then I would stick with XLE, energy stocks and SPYD, high quality dividend value stocks. I would limit equity to max 20% for now, as the risk for continued valuation compression or valuation reduction is very high, and you don't have much time to recover any large losses.

But remember, I am an anonymous poster on an internet web site, so everything I type could be interpreted as :blahblahblah: :blahblahblah: :blahblahblah:

Anyone ever notice CPA and attorneys not welcome at annuity seminars? If you can’t understand it in five minutes find something else. You should not need an attorney to read the fine print

Buy a boat

If you need to make $1800/month off a $250K investment, and my math is right, that means you need a sure-fire 8.64% return, on money you can't afford to lose.

We used to be able to get almost that much in a money market fund before the government got into the counterfeiting business. Maybe in 3 years somebody will get around to turning off the Magic Money Machine, and interest rates will go back to normal, but right now, I'd say your best bet is to leave it in an FDIC-insured savings account and GO FIND A JOB. You don't have enough money to afford to risk any of it.

In a couple of years, you'll qualify for Social Security, and probably make enough to cover your low expenses. But any way you look at it, low inflation or high, you need to bank a lot more money to retire comfortably. And if you're living off that money now, there will be $43,000 less of it by the time you make it to 65.

And they want you to hold your questions until after the presentation as they might be embarassed by people pointing out annuities not what they are represented to be.

Not to mention showing you a 20% chart showing stock market only goes up by 3% a year but guaranteed annuities give you 4.

They didnt like it when I asked what happened if we adjust the 20 year period forward or backward.

Only annuity that makes sense is an Immediate Annuity. They are super simple. Even then only makes sense if you live to reeeeeally old. Every time I calculate how long it will take JUST to get my own original money out I am already dead.

might wanna stay on the side for awhile

but AT&T is giving 8%

High risk is seeking investment advice on TOTV. tell you what, give it to me.