tag:blogger.com,1999:blog-32639162.post5744611961652902164..comments2023-12-07T01:00:56.264-05:00Comments on My Wealth Builder: Lessons From My Dad - Create Guaranteed Income StreamsSuper Saverhttp://www.blogger.com/profile/11172939501208456194noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-32639162.post-7611111503485800512007-03-03T08:36:00.000-05:002007-03-03T08:36:00.000-05:00Empty Spaces,Thanks for your comments. I am gainin...Empty Spaces,<BR/><BR/>Thanks for your comments. I am gaining more appreciation for real estate as I review Dad's finances.<BR/><BR/>Bill,<BR/><BR/>Thanks also for your comments. <BR/><BR/>Agree that nothing is "guaranteed" except for death and taxes:-) I also do not consider annuities a particularly good deal. However, I still consider having a portfolio of steady income (i.e. pension, social security, rents, interest) to be a relatively good strategy.<BR/><BR/>By the way, I don't disagree with you on investing in the stock market. 80% of my retirement funds are invested there.Super Saverhttps://www.blogger.com/profile/11172939501208456194noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-21531490169295706252007-03-03T08:33:00.000-05:002007-03-03T08:33:00.000-05:00Personally, I don't like guaranteed income. I have...Personally, I don't like guaranteed income. I have a couple reasons for this. First, nothing is really guaranteed. Pensions depend on the company's ability able to make the payments (just ask airline employees). Social Security is subject to the whim of politicians (think the 1987 reform). Even rental income requires having tenants.<BR/><BR/>Second, guaranteed income is really expensive. For example, consider an immediate annuity. If I bought a simple immediate annuity today, it would pay me 5.5% of principal amount annually. In comparison, the average return from the stock market is twice that AND I get to keep my principal.<BR/><BR/>I guess it just boils down to a personal decision. How much is having guaranteed income worth to you? If having that kind of guarantee will help you sleep better at night (and you're willing/able to pay the hefty premium), go for it. As for me, I can stomach the volatility of the stock market, even after Wednesday's 3% drop.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32639162.post-73501461226046317562007-03-02T03:41:00.000-05:002007-03-02T03:41:00.000-05:00I spent $4k and attended a russ whitney seminar in...I spent $4k and attended a russ whitney seminar in 99. the ONLY thing i learnt was that if you do nothing except buy 2 houses and rent them out for 30 years and have the tenants pay them off for you, you'll have a secure retirement.<BR/><BR/>your dad really was ahead of his time.Adventures In Money Makinghttps://www.blogger.com/profile/13626547145630159461noreply@blogger.com