I am looking to retain ownership of principal and no loss to principal value of a million dollars. I also seek current monthly income that could either be tax free or not, but preferably tax free. Wondering if there is a better method than the tax-free money market mutual fund to achieve higher return as rates are low, but still have principal and most importantly current monthly income. I am not looking for an annuity, again ownership of principal. Thank you in advance.
Posts Tagged ‘market’
Where to move 401k away from stock market?
16
Mar
I am pretty disgusted with the stock market now. I see that every time it takes a huge plunge, they seem to base it on “worries” or “fears.” The $12,000 401k I put into an IRA last year is now at about $9500. If/when things recover enough to get the balance up to where it was, where would be a good place to move it to? Gold, or real estate, or ??
Basically I am having trouble trusting my 401k to a market run by paranoid emotions.
If a variable annuity has a term of four yrs and the market is bad can the annuity become worthless?
13
Mar
We were sold an annuity with the promise of 6% interest and supposedly that was guaranteed forever? Were we conned? Could our annuity become worthless in 5 or 6 or 7 years? The current value of the annuity is down.