Bill, I read your article from last year on annuities and wondered if anything has changed. A broker I have a small IRA with (as well as a broker working with a local bank) is touting immdiate annuities as a beneficial income stream as I get close to retirement (I am 62). My wife and I have cash in the bank making next to nothing and looking for a low to moderate risk for return. We are also looking at this as a way to roll over an old whole life policy with good cash value but if we take the…
Insights & Advice
Q & A with Bill
Are you still bullish?
Dear Bill, The last time we spoke was in March and I had just gotten back into the market after a six month stint on the sidelines. At that time, you were looking for S&P to hit 1450 level into the summer.In the first week of April I had a little over a 9% gain.Since then I have given back most of my gains and as I write this am up about 3%.I follow your column weekly and see you are still bullish.Do you still see the S&P reaching your target?I am starting to get just a bit nervous. Dear…
Q & A with Bill : Riddle me this…
Riddle me this… Are there questions about finance, economics, or the markets that you are just dying to ask? This is the forum for you. Each week I will take those questions that I believe will have the most interest to our readers and expound upon them. Everything you write will be completely confidential. I never use last names nor will your information be used in any other way. Some readers may ask for specific recommendations or portfolio allocations. Since I am a money manager, by securities law I am prevented from making specific recommendations in a public forum but I can make…