1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

how to earn money to shoot

Discussion in 'Shooting Related Threads' started by shooterIII, Apr 14, 2011.

Thread Status:
Not open for further replies.
  1. shooterIII

    shooterIII Member

    Joined:
    Jan 29, 1998
    Messages:
    826
    Location:
    MN (state of socialism)
    AARP is ANTI-GUN!!!!!!!!!!!!!!!!!!!!!!!!
     
  2. Unknown1

    Unknown1 Well-Known Member

    Joined:
    Nov 5, 2009
    Messages:
    3,395
    Get a consult with a certified financial planner; contrary to the opinions of some, investing is NOT a D-I-Y activity for the uninformed (which includes those who THINK they are informed).

    AARP is marketing agency, that's all. They get a referral commission from companies they market for and they charge you a membership fee to be part of their market. They don't have any more idea how to spot good investment vehicles than you or I do. Their politics are irrelevant.

    MK
     
  3. gdbabin

    gdbabin TS Member

    Joined:
    May 15, 2006
    Messages:
    2,461
    Look for a fiduciary, fee only advisor.


    The rest are trying to sell you something and NOT looking out for your best interests.



    Guy Babin
     
  4. Dr.Longshot

    Dr.Longshot Banned Banned

    Joined:
    Jan 29, 1998
    Messages:
    5,722
    You don't want an Annuity, Broker is the one making out w/your money.


    GB
    DLS
     
  5. spitter

    spitter Well-Known Member TS Supporters

    Joined:
    Jan 29, 1998
    Messages:
    4,343
    Location:
    Prairie State
    Accumulating and immediate income annuities DO have their place...

    However, an accumulating annuity is not a "safe haven"... if you buy an interest bearing annuity - the teaser bonus, may not be enough to lock in the funds over the potential withdrawal charge period...

    If you're considering an immediate income annuity... easy enough to call around and get quotes... Life or Life with period certain, or an income annuity over a fixed period of years (5, 10, etc.)

    Annuities do have an income that cannot be outlived by the annuitant, but be diligent in your search...

    Jay Spitz, CLU ChFC
     
  6. dmarbell

    dmarbell Active Member

    Joined:
    Aug 26, 2006
    Messages:
    1,572
    Current rates on immediate annuities are very low right now. Five year payments are about $17 per $1000 invested per month. That means if you invest $100,000 in a five-year payout, you receive a total of $1,700 a month for five years, or $2,000 total earnings over the five years (1700 times 60 months equals $102,000). That's an effective rate of 0.76%. Ten year rates are 2.86%, 20 years 4.15%.

    Life only payment for someone 75 is $844 per month. Life with 10 years certain $737.

    I just wanted you to know what you're up against with annuity rates.

    With annuities, you can also look at payout rates. Since the annuity rate is constant, the $1,700 per month or $20,400 per year looks like a payout rate of 5.1% if your total portfolio is $400,000. Then you have five years for the other $300,000 to earn something in the market, CDs, bonds, or other annuities.

    Danny

    PS - Immediate annuities pay about 2-3% commission. Other deferred annuities pay 7-8%. Fee only advisors charge 1-2% of the account balance per year. Do you fee only advisor fans think it's ok to pay 10-20% over a period of 10 years for advice, but completely balk at a 7% annuity commission?
     
  7. hmb

    hmb Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    9,405
    Electric utility stocks pay a nice dividend. HMB
     
  8. Barry C. Roach

    Barry C. Roach Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    9,208
    Location:
    Scottsdale, AZ
    Stay away from anything sponsored by AARP.
     
Thread Status:
Not open for further replies.