| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 159.1 | See notes 115, 124, 144 | MINAR::BISHOP | | Thu Apr 16 1992 14:51 | 6 |
| Do DIR/TIT=SERP and SEA SERP.
You'll learn that "smallest possible risk" and "8% without
reducing the principal" may be difficult to combine.
-John Bishop
|
| 159.2 | The way I see it... | HABS11::MASON | Explaining is not understanding | Thu Apr 16 1992 16:42 | 25 |
| Also note that you are asking several different questions:
1. Risk - varies by fund, investment strategy of fund, etc.
2. Risk - diversification to have them offset each other.
3. Annuity - there are tables everywhere that contain number of years
drawn vs quantity invested with the body of the table being how much
you can get per payment, and the table being predicated upon a given
interest rate. They are only good so long as the rate stays the same.
If it changes, you look at another table. They are also based upon what
you wish to happen to the principal (some get to zero at the end of the
predicated time period; some are not diminished at all; etc.).
Go to a few investment seminars (look in NOTED::SERP and here, I
presume, for details). Maybe look at a few books on investing.
I am a novice, but it is clear that most of the desireable
characteristics work in opposition to one another (you know - good,
fast, cheap, pick two). It might even be necessary (did he say that) to
spend a few bucks with a financial planner, if for no other reason but
peace of mind.
Cheers...Gary
|
| 159.3 | | VMSDEV::HAMMOND | Charlie Hammond -- ZKO3-04/S23 -- dtn 381-2684 | Thu Apr 16 1992 17:19 | 13 |
| > ... I want to be able to withdraw a reasonable amount [from my IRA]
> every year (say 7 - 8%) without reducing the principal. ...
If my memory is correct you can't do this. (If my memory is wrong,
I appologize. Someone will surely correct me.)
What I seem to remember is that after a certain age you *MUST*
withdraw a minimum amount each year from your IRA account(s).
(Maybe calculated to reduce your IRA to $0 based on your actuarial
life expectancy?)
Of course you could SPEND only 7-8% and put whatever additional
withdrawal is required into another, non-IRA account.
|
| 159.4 | | SEEPO::MARCHETTI | In Search of the Lost Board | Fri Apr 17 1992 13:44 | 5 |
| The requirement to take out a certain amount of money only begins when you
reach 70.5 years old. Until then, you don't have to take out any or
you can take it all out, or anything in between.
Bob
|
| 159.5 | SAVE or Ginny May no-load. | WLDWST::C_LEE | | Wed Apr 22 1992 01:39 | 6 |
| re.0
1) Put your PLUMP into SAVE which is at 8.14%, withdrawal of two times
a year is allowed. This was discussed in NOTED::SERP.
2) Ginny May no load mutual funds are at about 8%.
|
| 159.6 | GICs aren't guaranteed. | CSC32::B_HIBBERT | When in doubt, PANIC | Wed Apr 29 1992 01:48 | 5 |
| SAVE fund A is a GIC (Guaranteed Investment Contract). The name is VERY
misleading. Check out other notes in this conference that discuss the
characteristics of GICs.
Brian
|