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Retirement discussion and more

March 7th, 2007 at 04:58 pm

I had another meeting with a retirement counselor and learned quite a bit. He recommended that I shift my portfolio so that I have 10% invested in real estate, just to help even out the ups and downs of the market. He also recommended that when I retire I should designate part of my income to a lifelong annuity and put part into an account from which I can make systematic withdrawals myself. That way if I need a chunk of money I'll have it.

I spent nothing at all on Sunday, Monday and Tuesday. Today I went out to lunch with my boss. I used a 2-for-one coupon at a Mexican place, and we each got an entree and drink for less than $5. I got a big plate of loaded nachos with tofu, pinto beans and queso sauce. Yum!

I came home today to see that my new handyman has started work. The new kitchen lights were installed (they look GREAT!), and the baseboard in the bathroom was pulled off. And he has a mobile workshop set up in my garage. I can hardly wait to see what happens tomorrow.

2 Responses to “Retirement discussion and more”

  1. jIM_Ohio Says:

    You may want to ask more questions. If the annuity is a variable annuity, know he is selling you a product which has high commissions for him.

    If he is talking an immediate annuity, that might make more sense.

    here's a discussion on another board re: annuities

    http://groups.google.com/group/misc.invest.financial-plan/br...
    http://groups.google.com/group/misc.invest.financial-plan/br...
    I also have a few notes on annuities in my blog. Check out "legs to stand on" entry.

  2. Carolina Bound Says:

    Thanks, I'll look into it.

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