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[quote=Anonymous][quote=Anonymous]Annuity. Don’t do it. High fees, low returns for “safe” income, and overly complex. Bonds are better if you’re conservative. Better yet, do an [b]age based index fund[/b], set it and forget it, and dollar coast average. Or a total stock market fund. PP us right, you will earn more than 5% in the long run and it’s safer. Read “A Random Walk Down Wallstreet” fir more. [/quote] The age-based index funds just lost 30% for current retirees due to auto-piloting of bond and stock index purchasing and auto reduction of equities when they were down. Over time the stock market tends to increase (due to company's reinvested earnings), but it also increases risk over time. That's the core insight of a random walk down wall street. It's not that the stock market is safe, it's just that an index is safer than individual stocks. [/quote]
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