I have annuities, and someone just told me that if I have "fixed annuities" I should be fine no matter what the market does. But, they also said if I have "indexed" or "variable" annuities, then I am more at risk. I honestly do not know what I have, and am going to call my bank on Monday to find out.
I can say though in laypersons observations, in my entire life my late mother saved throughout her life, through the slowdown in the 70s, the one day crash in the 80s, the dot com bubble in the 90s and Bush's great recession in the 2000s. I want to be able to live off of what she left me until I am eligible for social security so I can stretch it out, or I should say, I am trying to budget to stretch it out.
I can say this, I will never do something stupid, in any case, like use bullshit casino websites like E-Fraud, which is nothing more than a casino. I don't know much about finance, but I do know most of Wall Street investors are already multi millionaires or billionaires. I also know, that a portfolio of anything is supposed to be "diversified" so in case one aspect of it goes down in value, the other investments can mitigate a downturn.
Point is, when I call the bank on Monday, I just want to know they aren't going to snow me just to protect their stock market numbers just to keep me as a customer.
I am not rich, with what my mother gave me, I do have to stick to a budget each month so I can stay retired.
I can say though in laypersons observations, in my entire life my late mother saved throughout her life, through the slowdown in the 70s, the one day crash in the 80s, the dot com bubble in the 90s and Bush's great recession in the 2000s. I want to be able to live off of what she left me until I am eligible for social security so I can stretch it out, or I should say, I am trying to budget to stretch it out.
I can say this, I will never do something stupid, in any case, like use bullshit casino websites like E-Fraud, which is nothing more than a casino. I don't know much about finance, but I do know most of Wall Street investors are already multi millionaires or billionaires. I also know, that a portfolio of anything is supposed to be "diversified" so in case one aspect of it goes down in value, the other investments can mitigate a downturn.
Point is, when I call the bank on Monday, I just want to know they aren't going to snow me just to protect their stock market numbers just to keep me as a customer.
I am not rich, with what my mother gave me, I do have to stick to a budget each month so I can stay retired.
