I am hardly able to breath, waiting to here if the Fed will stop saying the word “patient”! /sarc
I have a meeting with an investment banker this afternoon. I rolled about half of all my retirement funds into a variable annuity that has an “enhanced Guaranteed Lifetime Withdrawal” and “Enhanced Return of Premium Death Benefit” riders.... It’s managed by FifthThird bank.
It’s a pretty complicated investment vehicle. I’ve read through the contract about 5 times, and still only understand about half of it. Right now, all the money is still sitting in money market funds. Today, we’re supposed to talk about the underlying investment options.
So, I GUESS.... I’m hoping the Fed gets aggressive and the market tanks about a 1000 points in the next couple of days. As long as it bounces back quickly, of course!
How did the meeting go? Did it help with understanding the annuity?