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Slow and Steady
There's nothing wrong with slow and predictable, as long as it's predictable.
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If you notice that the end, I said that you are taking income, but your balance stays roughly the same. That is how money managers are supposed to manage your money, but most of the time, it does not work. Money managers, on average, lose your money in about 11 years. It's because they earn, on average, about 5%, they pay you for and they take 2% to manage it.
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So that is a negative arbitrage. Then you take the big swings in the market like a negative 25% or a negative 39%, and you drastically reduce the ability to take steady, predictable income throughout your life.
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If you are interested in a fixed indexed annuity and have an old, make sure it's an old retirement account or a Roth IRA or personal IRA. Then comment FIA.
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#planning #money #wholelife #infinitebanking #stocks #crypto #retirement #iul #tax
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