i love it. this is what i do for a living. good luck finding 5. the M&E on a GMIB rider (what gives you that 6%. it stands for guaranteed minimum interest balance) is so high right now its more like your getting something in the 2's. and 6 is NOT on its way back anytime soon. insurance companies that were in the variable annuity market offering those guarantees got absolutely fucked on the actuarial math. they will never do that again. also, the GMIB is actually a separate account value. your actual principle is still at the mercy of the gains/losses in the normal VA account. if you were to go and terminate the contract because you needed the money, you are getting what the normal account is at, NOT what the GMIB account is at. so you can still take a hefty loss if its a down market at the time you need your money. the only way to truly get your fill on a GMIB rider if you still have one that hasnt been crippled by raises in fees or been stopped completely, is to annuitize and live long enough to realize enough payments. oh, and GMIB riders have 10 year surrender periods and cant be annuitized any earlier than 59.5 years of age. on top of that, every time you try and ratchet up the benefit base, you reset the 10 year period. on top of that, the companies that are still offering them without juicing up the m&e are not exactly companies with credit ratings that make you feel like your money is safe. most of those companies also have bad fund selection and weak money managers. all in all the VA with a GMIB was something that was realized, after our economic woes, to be too good to be true. the better move at this point is to get one with a GMAB. that stands for Guaranteed minimum account balance. this is the only fiscally responsible way to play the market and make sure your principle is intact.
Leaf still has the edge bc ofhis temper tantrums at reporters and what not. At least Russel shut only usedhis mouth to eat cheesburgets, not bitch and moan.
Well, when he's at home playing Madden 09' sure as hell knows he won't be playing as himself. Oh yeah why is 36 million in bold, well because he's a d@(k that's why.
The sickest thing IMO is a Northwestern Mutual Permanent Life Insurance Policy. After the first year, they are still paying around 6% dividends on the cash value of the account. By the way, you are all forgetting to account for inflation, which has historically been about 3-3.5% per year. So if he earns 5%, it's more like 2% or actual gain. 2% of a million is $20k. Of course, 2% of $35 MM is $700,000 in real gain. He'll be fine if......he's not....a complete...idiot......
Maybe we should sign him to the league minimum for the sole purpose of throwing hail marys at the end of the half/game. That way we can use his only marketable quality- a big arm. OK, nevermind. He's fuck that up too.
anyone of the majors (massmutual, NW mutual, New York Life, or Guardian) would be best. Mass has the highest dividend right now. both mass and new york life have a better way of dealing with cash withdrawals as well. NW and, not positive but i believe guardian, ties the interest rate to the cash value, so when you withdrawal, the interest you gain goes down. new york life and mass tie it to the death benefit, so your dividend is not affected by taking money out.
