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Social Group
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Personal Retirement Products

Group Created by leastprime

Annuities, IRAs, Pensions, RE

View All Members Showing 2 of 2 Member(s)
Showing Social Group Messages 1 to 7 of 7
  1. leastprime
    01-29-2019 09:26 AM - permalink
    Chances in reaching mean life expectancy is really not good. If you have adequate and assure funds, it may be wiser to take early SS and Income annuities than to wait.

    My heart procedure today shows that stent is OK and high BP may be due to drugs. I get to see cardiologist again in 2 weeks.
  2. leastprime
    01-28-2019 10:54 PM - permalink
    Two optimal entry points for GLWB V; at relative lows as 2008-09. At relative highs as 2018 thru October. Can you see why?
  3. leastprime
    01-26-2019 10:32 AM - permalink
    I saw that this type of annuity gave us options without the outright bet making a final retirement decision; ...We decided to purchase a new GLWB VA in 2018 from expiring 2008 GLWB VA.

    2008 VA: Wife's:
    Initial.... Nov 10, 2008; Initial Amount = $64,730
    Guarant Nov 10, 2018; Guar.Incm Amt=$105,332 (5% compounding on Initial $)
    All equity, No Bonds. No cash funds for fees.
    5% Compounding to Income Acct, 10 yrs.
    5% LWB after age 65 (?) , 5% after depletion of Acct Value.
    High Acct Value, August 7,2018 =$149,367
    Closing Acct Value, August 9, 2018 =$147,984. Held 9yrs, 9 months.
    Income Value at Closing (9 anniv. Nov 9, 2017) = $133,939

    535 Transfer to 2 new GLWB VA annuities, Aug 19, 2018, $146,156.
    1 @ $76,156; 1 @$70,000. net fees.
    60/40 Index, 10% cash for fees. simple 5% to Income Value. 10 Years StepUps.
    LWB @72+, single life. GWL options: 7% until Acct Value deplete then 4%; 8%/3%, 5.50%/5.50%.

    Early 2018, We noticed that the Acct Value was already greater than the 5% added to Income Value for Nov 2018. It was apparent that we could move to another annuity and lock in the Acct Values, establish a greater Income Values, establish 2 annuities that met the $50k minimums, establish a new death benefit, and have greater options for LWB.
  4. leastprime
    01-24-2019 10:04 PM - permalink
    The Why:

    "Originally Posted by 1insider
    Thanks for all that info. Would you consider a new annuity at current terms or was it only attractive in 2008? "
    Depends. This is the investigations that I am doing now. "The going forward." Yes we did roll expiring GLWB VA into new GLWB VA in another company. Why is what I will discuss a bit later.
    Recommend a quick read, "How to Not Get Ripped Off When Buying an Annuity, "Derniat, Alessandra. 2018. Nominal price on Amazon.
    I have a dental appoint today and will get back to you.

    I think I need to state the following on My WHYs .
    Reason for Purchase
    1.Gave me/us time to postpone decisions. Possibly maximize Income at opportunities.
    2. Insurance to our remaining retirement assets. Establish an income floor.
    3. Future Income that can be flexible and the decision to exercise for Income, delayed 1-10 years, renewable. See: Funding Ratio (FR) for Pensions; FR for Personal Retirement; Bogleheads- poster bobcat2,
    4. Investment
    5. Glitch in tax code and product where you could possibly game the annuity slightly for better outcomes.
    6. Death benefit of Account Value, if any.

    7. There are other small reasons expiring GLWB VA attractive.
    The major small reason is that the fund choices within the our VA was broad and not limited to various blends. Thus I could and did chose Equity, Growth, Technology, Small Growth funds. NO bonds. Other VA's limited you to blends or balance funds.

    Reasons to Hold annuity after 7 years.
    1.Gave me/us time to make latter decisions.
    2.Glitch in tax code and product where you could possibly game the annuity slightly for better outcomes. Interesting outcomes when Roth, Qualified (IRA), or Nonqualified funds are held and used in GLWB VA/Fixed Index or Immediate Annuities.
    3. Future Income that can be flexible and the decision to exercise for Income, delayed 1-10 years, renewable.
    4. Death Benefit-remainder of Account Value, if any.
    DeathBen has moved from last place to now 4th place and may move higher up. Just prior to dentist mentioned above, I had a scheduled heart stress test with echogram. It seems that another angiogram is scheduled for next Tuesday, Jan 29. Stent issues?
    Jan 24, 9pm.
  5. Richard818
    01-24-2019 04:20 AM - permalink
    Thanks for the invitation to join the group.
  6. leastprime
    01-23-2019 07:00 PM - permalink
    Invited, please check in so that I know that you have been notified.
    Discovered this Social Group subforum. This will be alot easier than post & copy to every person who wanted to be in this product(s)
  7. leastprime
    01-23-2019 06:51 PM - permalink

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