Thats good you are aware. I luckily have a guaranteed annuity through my 403b. But bonds are the only other option. I want to get out of my 403b all together and get into a post-tax IRA with better investment options, but my employer does not allow conversions unless you leave the company. I was so pissed i was seeing red. I have to leave my job in order to access to MY money.
You may want to consider looking at a post-tax retirement plan. Because you can bet your ass taxes are going up by the time you retire unless its in the next year. I believe there is a special provision that will allow you to split the tax burden over two years:
http://www.bankrate.com/finance/retirement/7-steps-to-a-2010-roth-ira-conversion-1.aspx
That would also open you up to finding a Roth IRA with better investment options. I’m not sure precious metals are a good buy right now. I may end up regretting that statement but Gold and Silver and Platinum are extremely high right now. But i have friends that are calling for gold at $2000 or $3000 in the next few years.
The fact of the matter is, there are no rational and safe investments right now, even cash and gold. I’m beginning to think durables, food and ammunition might be the best bet. But i can’t see in the future.
p.s.- I am not a financial advisor so please don’t base your retirement planning on my advice. Just some friendly suggestions.
Ultimately, your guarantee is based on how well the insurance company manages its investment risk. In short, there are no guarantees.
My post tax bonus dollars are going into a 40 acre plot of agri land out in the sticks along with ammo and food. From there we will be building a concrete dome home that will be earth sheltered and putting in well, septic, and off grid power. The idea is that I will one the land, house, everything free and clear and through small farm, able to sustain my family for very low $$ per month. Once that place is “up”, I’m selling off this suburban house and moving out.