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Smaller Investments

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Terbo56
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Smaller Investments Empty Smaller Investments

Post by panamabev Fri Dec 16, 2011 6:49 pm

Hey team, I've got a question. I am keeping up with the Post RV information. The information seems to be for very large investments. What advice or instructions can you offer to those that only have investments that will yield between 1 to 3 million 'after' RV? Is a business trust, address change, etc., still advised for these smaller investments??

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Post by Terbo56 Fri Dec 16, 2011 6:53 pm

Indeed it is- Even at that amount, you must still be protected-You cannot be too careful-
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Post by rick152 Fri Dec 16, 2011 6:55 pm

Good question. That will all depend mostly upon the lifestyle you intend to live. The neighbors that you already have and who, (if anyone) you intend to tell. IMO...rick152

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Post by crich Fri Dec 16, 2011 7:25 pm

panamabev, I say protect yourself as much as you can. 1-3 million is plenty & you want to keep as much of that as you can & as long as you can! Happy Holidays:)
crich


Last edited by crich on Fri Dec 16, 2011 7:26 pm; edited 1 time in total (Reason for editing : missed something)
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Post by jerdjj Sat Dec 17, 2011 10:39 am

Remember a few basics here:



4% "safe withdrawal rate" so as to "not outlive your money".....

This is taught in all mutual fund and money magazines, and has been for years.

Depending on what you want to do with your money, and how much you need to "live on" etc

will determine "where you place it"....

Another basic rule that mutual fund advisors rarely follow:

Whatever your age is, that is the percentage of your retirement money that should be

SAFE and NOT AT RISK.....



Much much more I could say, but I will stop there for now.

sonofflubber says Merry Christ.....mas to you (Micah 5:2) HE REALLY IS "FROM EVERLASTING!"Smile
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Post by Kevind53 Sat Dec 17, 2011 10:53 am

@jerdjj wrote:Remember a few basics here:

Another basic rule that mutual fund advisors rarely follow:
Whatever your age is, that is the percentage of your retirement money that should be
SAFE and NOT AT RISK.....

Much much more I could say, but I will stop there for now.

Good point and a very good rule of thumb to guide your investing in general ... remember to never invest more than you can afford to lose in equities. The balance should be in fixed, guaranteed asset accumulation accounts such as CD's, annuities, etc. With my job I see way too many 60 - 70 something folks with WAY too much in equities where they can lose money. I also see many who when concerned about keeping their life savings safe have had their advisers move them into "fixed" sub-accounts. Folks those accounts are usually still equity accounts and CAN lose money. Many times they take a fresh commission and you get locked in for 5 to 10 years. ... I'm not an investment adviser, and can not give specific advise, but always get a second opinion, and never commit until you fully understand what you are committing to. If your adviser does not know enough to explain the investment to you in terms you can understand, you probably should find a new adviser. Just my 2 cents worth

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