Huh? 6 months ago I was getting 10 calls a week from lenders begging me to cash out my equity. No fees, below market rates, 125% to value, etc. I realize that things have changed but to state there is no loan-to-value or liquidity is just not correct.
Secondly, where does one find anything yielding 8.27% after tax, 12.7% at marginal rate of 35%, now that Madoff is going to prison?
Old Mutual is averaging 8.27% tax free over the last 25 years. It was 9.6 but they just adjusted down because of this years record. There is a guarantee of 1% so when the market goes down, your gain is 1%. It's agood way to build retirement.
There is no loss of principle and they have out run the S&P index the last 25 years.