Right on. I chose to stick with half of my retirement fund right up to my retirement last November and I made a third of a million. Since the risk was high I chose at retirement to invest a half million in an annuity, which is practically guaranteed to retain at least it’s base value for the rest of our lives.
Young people who can survive a stock market reversal after a few bad years would be crazy not to be investing in equities today.
TC
Is the annuity a good investment? Obviously, if the SHTF, it doesn’t matter, but I have been asked to move a good chunk of funds into annuities. What it means is that I would then dump money into another entity that could fail.