“Why else would you rather lose 40% of the account rather than make 5%?”
““Yes Mr Bob, if you invest with me, I can promise a -40% return. You are guaranteed to lose money with me””
Dinner time now...between my legs...have at it.
How about you treat people with a bit more RESPECT on this sit, particularly when you don’t know their details?
In my case, I can PROMISE you that I will, at least, be in the 25% bracket when I retire, simply because I have a REAL pension coming to me. So your 40% hit just dropped to 15%. From there, it winds up closer to 10%, due to my specifics.
You may be MORE THAN HAPPY to have your IRAs turn into “Annuities”, but I am not, and I will take steps, even costly ones, to NEVER let that happen. I will soon OWN my house here in Texas and NO ONE from the government will be able to do jack about it.
“Dinner time now...between my legs...have at it.”
I’m a guy. You may be into having sex with men but I am straight. So, you need to move to the next guy.