Personal Finance and Investing

Tomconroy

(7,611 posts)

17. I am not familiar with the instrument

Thu May 20, 2021, 05:38 PM

May 2021

But from your description it sounds like it is a fair bit out on the risk spectrum. And over the last decade or more if it's exposure is to stocks and it is only paying 3%, somebody other than the customer is making a lot of money.

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I am retired and 73 years old, where can you park [View all] doc03 May 2021 OP

How much you got? Asking for a friend. marble falls May 2021 #1

$1,900,000,000,000 give or take a few trillion nt doc03 May 2021 #13

So what's your motive for more income? ... marble falls May 2021 #14

Greed nt doc03 May 2021 #19

I posted before I was finished, please read it again, I made a serious reply. marble falls May 2021 #23

There are plently of guaranteed investments returning way more than 0.3 % drray23 May 2021 #2

Where in the world are you seeig a guaranteed 3%? I believe nowhere. NoRethugFriends May 2021 #3

thats why you have to work with advisors and financial managers. drray23 May 2021 #6

Looks like you have TIAA Traditional Abnredleg May 2021 #8

yeap. so am i (in academia) drray23 May 2021 #9

elsewhere its also offered under a different name. drray23 May 2021 #11

I am not familiar with the instrument Tomconroy May 2021 #17

well yes its not meant for you to get high returns. drray23 May 2021 #20

I think the company has figured out Tomconroy May 2021 #24

It appears you have a misunderstanding of what TIAA does and what an Annuity is. A HERETIC I AM May 2021 #37

He wrote .3% not 3% rickford66 May 2021 #21

No I wrote 3 % drray23 May 2021 #26

I put a group named Blooom in control of my 401(k), which is with another company. NBachers May 2021 #4

Are you retired? A HERETIC I AM May 2021 #36

I was reading an article today that Tomconroy May 2021 #5

I'm 71 and have been retired for 19 years. multigraincracker May 2021 #7

Send it to me in bitcoin. Chainfire May 2021 #10

I did look it up. The interest on US Savings bonds Tomconroy May 2021 #12

Thanks for the input. I have my IRAs Invested in Vanguard and T.Rowe Price doc03 May 2021 #18

Savings bonds you can cash out early. Tomconroy May 2021 #22

Remember the old days when they'd roll them over if you didn't cash them in? marble falls May 2021 #25

I went thru the 2008 and 1984 multigraincracker May 2021 #29

Odd the EE savings bonds suck so much (these are the ones without the inflation adjust) progree May 2021 #27

I do not believe that annuities are a good investment Tomconroy May 2021 #15

Annuities are essentially insurance products. A HERETIC I AM May 2021 #35

There are different kinds of annuities. PoindexterOglethorpe May 2021 #38

Some may compare annuity yields to those of bonds and CD's without understanding the differences progree Jun 2021 #40

My annuities will not die with me, if there is still any value left. PoindexterOglethorpe Jun 2021 #41

I'm guessing interest rates and annuity yields were considerably higher when you bought progree Jun 2021 #42

Yes, rates were somewhat higher then. PoindexterOglethorpe Jun 2021 #43

On the 4% rule - progree Jun 2021 #45

You can get 4% - 5% guaranteed return tax free calguy May 2021 #16

I haven't seen anything like 4% - 5% anywhere for a long long time, and municipal bonds are not a progree May 2021 #28

We might not be talking about the same thing. calguy May 2021 #30

Can new investors buy these, e.g. the EVM Eaton Vance California Municipal Bond Fund progree May 2021 #31

You just have to have an account with a stock broker calguy May 2021 #32

Thanks much 😂 I just went to Vanguard.com (where I have an account) progree May 2021 #33

Everything has risk bucolic_frolic May 2021 #34

I want to strongly second what bucolic_frolic said. PoindexterOglethorpe May 2021 #39

I have a majority of my money in four Vanguard funds bif Jun 2021 #44