Posted on 08/06/2009 9:32:49 AM PDT by Oshkalaboomboom
I have a 401k in a Vanguard stock fund that I would really like to get out of. I rode it up over 12,000, rode it down all year and now I'd like to cut my losses before it takes another dump. What other Vanguard funds are safer, or even a money market? I can't just cash it in or the government would slaughter me at tax time. What's a safe haven to ride the coming depression out?
Just saw this post. I know someone who put their 401k into Life Settlement accounts. Does anyone know anything about them?
I am interested to know what you ended up doing with your money. I just retired at 57 1/2 and cannot decide what to do with my 401K and my lump sum pension. I don’t even know a financial adviser to go to. I’m looking but would appreciate feedback from others online.
Fertile land.
I am looking at variable annuities. Since I am only 57 1/2, I would not have to pay a early withdrawal penalty if I go with a variable anniuty product. I have heard good things and bad about annuities. Do you really think they are a good investment?
bump
bump
Look at the income benefits or “living riders” of Variable Annuities. You can actually get a product that gives you a guaranteed income stream, still allows access to the principal, and still guarantees how long that income will last, sometimes even for LIFE!
Thanks for your comments.
IIRC, agricultural land was one of the better holdings at the beginning of FDR’s Great Depression.
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