mutual of omaha, anyone invest with them?

[Soundguy]

just trying to find some place with a brick and mortar building or at least a tel # is difficult to do these days...

 

[Leejohn]

How about an indexed annuity, You can do a lot better than 1.4 with still no risk. Indexed annuities are tied to the "index" of the S &P. When it goes up you get the benefit of that up to a "cap". Often 3.5% or more. When the index is 0 or negative you make nothing, but you don't lose anything either, Depends on if you think the S&P is going to continue to grow.. it grew over 26% in 2013. You can also diversify you "bucket" and put it in different strategies.. I am set up with Genworth financial now, but I cannot help you in Florida, as I am not licensed in that state. But there are many other firms you can put your money with. 1.4 is not all that good of a return even now for a fixed. Good luck.

James my wife's work just closed down and she or I know beans about what is the best way to handle her 401K. She is 61 in dec and I'm 74. My ? is can I call and talk to you about this? I live in Doniphan, Mo.

 

[MossRoad]

just trying to find some place with a brick and mortar building or at least a tel # is difficult to do these days...

Try your credit union. Ours has free financial planning services for memebers and quite a few options for IRA/RothIRA investments.

 

[smstonypoint]

just trying to find some place with a brick and mortar building or at least a tel # is difficult to do these days...

It sounds to me that you would benefit from the services of a fee-only financial planner. It would cost you a few hundred $s, but that would be money well spent in terms of guiding you toward an investment plan that is consistent with your objectives, risk tolerance, etc.

Steve

 

[NY_Yankees_Fan]

It sounds to me that you would benefit from the services of a fee-only financial planner. It would cost you a few hundred $s, but that would be money well spent in terms of guiding you toward an investment plan that is consistent with your objectives, risk tolerance, etc. Steve

Agree go to this web site Find a CFP Professional and find one near your home. Interview several and decide based on your interviews. Many will talk to you for a bit without charging you. Do Not go to anyone that does not charge, they do not have your best interest in mind. Develop a plan for retirement so when your time comes you can retire. The $$$ you spend will be well worth it. They should look at everything you have so they can give you the best advise. Visit this web site a lot of very smart financial folks here Bogleheads many hours of reading.

 

[Gator6x4]

Don't you just love the FEDS pumping billions each month into the Financial Systems at .25% so they in turn can loan it out at rates from 3.25% up to 25% on credit cards. Someone has to pay for those zero percent loans and since the 2008 depression crash it has been seniors and investors who do not want to gamble in the Stock Market. The sad thing is that the current interest on CD's and Money Market accounts are projected to stay very low into the mid 20's and this is only 2014, approaching 2015.

Federal Reserve's Money Printing Failure - Quantitive Easing (QE)

Eighty Five Billion a month. Year In Numbers: The Federal Reserve's $85 Billion Question : NPR

 

[MossRoad]

The stock market is up over 175% in the last 5 years. Funds in CDs in banks have lost money when inflation is figured in.

You have to have a mix of stock, bonds, CD's, etc.... suited to your ability to stomach or ride-out ups and downs.

 

[k0ua]

The stock market is up over 175% in the last 5 years. Funds in CDs in banks have lost money when inflation is figured in.

You have to have a mix of stock, bonds, CD's, etc.... suited to your ability to stomach or ride-out ups and downs.

Yes, but with an indexed annuity, you never lose any money.. They can be years in a down market when you don't make any money, but you never lose your principal investment. They can be a good vehicle for people who do not have the time or inclination to figure out exactly when and where to move their investments to in all market conditions. Do insurance companies make money on your money invested in indexed annuities? Yes they do. That is how they stay in business. Do agents make money guiding investors into these type of investments. Yes they do. That is how we pay the light bill and buy a few meager groceries and a little diesel fuel. Do we get rich? Not in my findings so far.

 

[MossRoad]

Soundguy,
To answer your original question:
"mutual of omaha, anyone invest with them?"

It appears that so far, that would be "No"

hahahaha

 

[MossRoad]

Yes, but with an indexed annuity, you never lose any money.. They can be years in a down market when you don't make any money, but you never lose your principal investment. They can be a good vehicle for people who do not have the time or inclination to figure out exactly when and where to move their investments to in all market conditions. Do insurance companies make money on your money invested in indexed annuities? Yes they do. That is how they stay in business. Do agents make money guiding investors into these type of investments. Yes they do. That is how we pay the light bill and buy a few meager groceries and a little diesel fuel. Do we get rich? Not in my findings so far.

I suppose we could compare investing to tractors...
You can work on both yourself or you can pay someone to do it for you. With either one, if you know what you are doing, you can reap great rewards. If you don't know what you are doing, you can really mung things up in a hurry. So, its good to have professional help to guide you if you need it, be it a financial planner or mechanic.