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Post by Sandbur on Mar 14, 2017 7:14:17 GMT -6
Is Dollar General owned by Walmart?
I just moved about one year's expenses to cash option within the retirement account. At 62.5 it makes me feel a bit safer.
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Post by sd51555 on Mar 14, 2017 7:19:40 GMT -6
I'd urge you to have a sit down with your financial person Art. Where you're at, and where the market is at, if you're still fully invested in the moving market, it could be a good time to start shifting to safety if you haven't already. Don't take my word for it, but do seek out some professional guidance on it. When I get to where you're at, I intend to get hooked back up with a pro. A 10% or 15% pullback at this point could mean years more working for ya.
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Post by kabic on Mar 14, 2017 11:08:15 GMT -6
Is Dollar General owned by Walmart? I just moved about one year's expenses to cash option within the retirement account. At 62.5 it makes me feel a bit safer. They are not. They were a Public Company when I worked there. Went private and are now Public again NYSE: DG
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Post by Sandbur on Mar 14, 2017 12:08:32 GMT -6
I'd urge you to have a sit down with your financial person Art. Where you're at, and where the market is at, if you're still fully invested in the moving market, it could be a good time to start shifting to safety if you haven't already. Don't take my word for it, but do seek out some professional guidance on it. When I get to where you're at, I intend to get hooked back up with a pro. A 10% or 15% pullback at this point could mean years more working for ya. I have worked with one independent a number of years ago, who moved out of state and three other guys. I am thinking about shopping for a new person. Last one keeps sending me emails and I ignore him. All I hear is annuities and I am not sure if I like that. I am not fully invested in stocks. Have not been for years.
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Post by Foggy on Mar 14, 2017 17:39:42 GMT -6
^ If you got someone pushing annuities at you......I would run....not walk....RUN! Not saying their isn't a place for them......but I have not seen it for MOST people.
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Post by Bwoods11 on Mar 14, 2017 18:01:23 GMT -6
Annuities are options for those uncomfortable with the stock market. Most annuity purchases are from money that was in CDs.
Variable Annuitiies were great options for awhile, but they are not as attractive now. Axa used to sell an annuity with 6% guaranteed interest until age 85...including death benefit.
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Post by Foggy on Mar 14, 2017 20:20:15 GMT -6
^ Mostly annuities just carry higher sales charges than other investments......however doing biz with an insurance company (the folks that sell annuities) can have some tax benefits for your heirs. <-- That is about the only benefit that annuities can offer over other stock and bond investments. Annuities cost more to own (in the way of sales charges and on-going management fees) than stock funds (which can be similar investments) or bond funds (ditto).
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Post by Bwoods11 on Mar 14, 2017 20:32:47 GMT -6
I am talking mostly fixed annuities, or lifetime annuities. The company I use, pays out a 4% or 5% interest for first year, then drops to 3 or 2...with a minimum of 2% right now.
Some of my clients have older annuities locked in minimum of 3% or 4%.
These beat CD's plus the tax deferral. It's an option for those not comfortable with the stock or bond market, and if some diversification.
In 2008, funds took a beating and some can't stomach the losses again. I like the market buts it's not for everyone or every dollar.
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