tvguy
Question anything the facts don't support.
- Joined
- Dec 15, 2003
Don't want to burst your bubble, but what goes up will come down when it comes to the stock market. We are currently on the second longest (closing rapidly on first position) "up" market in history. The market is self-correcting. I've lived long enough (as I know you have) to know that no winning streak lasts forever. I've seen a whole mess of major corrections, the most recent of which was 2008 (not even that long ago). But, we've been riding a big up market since then. It will end. That I say with 100% certainty. When is a big ol' guess, but if we go another 12 months without a major correction, I will be surprised.
Not if your financial adviser invests you in annuities that lock in a value when the market runs up. Of course, you have to take out no more than the annuities annual distribution to preserve the locked in cash value. The locked in value is voided if you take out the principle . But the annual allowed distribution is already more than I make a year, throw in Social Security, I'll be making more in 6 years retired than I am working