if it 40 or 45 you wanted to purchase an annuity that would pay you $180,000 per year from retirement(65) til death how much would you have to put up?
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I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly! -
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there are a few closed end funds that pay out 10% year of nav. so if you would probably need 2 million to ensure you avg 180k year some years the nav will be up other times they will be down. if you went with corporate bond eft you might need a little more personally I think you risk is the same. these days your best low risk would be investment properties but even if you had property managers it would require some level of effort.Network Of Adult Blogs With Hardlink Rentals AvailableComment
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180,000 a year after the age of 65 is a LOT of money unless you're some international jet setter.
I can't imagine what I'd do at that age to spend anywhere near that much.Comment
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you're still paying taxes when you're 65.
anyway this isn't me, i wish it was, i have a friend whose pension at retirement will pay her $180,000 per year until death. i'm just trying to figure out how much money i'd have to have to have the same sweet retirement one day.
i know nothing about retirement annuities, if i buy one and i die before retirement my family gets nothing? it's like gambling?I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!Comment
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Over any ten year period, stocks have ALWAYS done much better than annuity rates, so you wouldn't want to actually buy an annuity unless you have some very special circumstances.For historical display only. This information is not current:
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maybe i'm using the wrong term - when you're a self employed person you don't have a pension. so the goal for somebody at 40 or if you push it off to 45 or 50 is to guarantee that at retirement age you can count on a certain amount of money per year just like somebody who has a pension from some big company they worked for.
stocks are risky, real estate is risky - yes you can pull stats that show over the long term stocks and real estate outperform other types of investments but you are talking about somebody who doesn't want to worry, they want to lock in some amount per year when they hit 65. people buy life insurance for the same reason, easy to say take the money you were going to spend on life insurance and put it in stocks or real estate - and you'll leave your family more. and if you die early, they're fucked. life insurance removes any risk, at a price obviously.
if that's not an annuity then what is it?I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!Comment
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Work expenses excluded, I don't spend 50k a year NOW and I live a pretty good life, travel quite a bit, own everything I have, zero debt, and really want for nothing other than some new young Thai beaver a couple times a week.
Maybe if you're drowning in debt and living in a very expensive city, sure, but otherwise I just can't imagine being that age and needing that kind of money because I don't even need it now.Comment
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Doesn't matter the poster said ALWAYS. I disproved that. If one is going to say something ALWAYS happens better make sure it does. Do you have an issue with accuracy?
And just because one is a smartass doesn't mean they also can't be a dumbass.Just because you find a fly in your soup that doesn't make all soup have flies...Comment
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