General Discussion
In reply to the discussion: I've lost 30% [View all]PoindexterOglethorpe
(25,853 posts)suggests to me that your advisor has you invested far more aggressively than you should be. And the most important thing is not to panic sell in a downturn.
My advisor got me in to two different annuities about ten years ago, and I started taking payments about three years ago. People here like to trash annuities, but there are some very good ones out there, which my two are. Whatever residual value is left when I die, that will go to my beneficiary. Meanwhile, one of them has slightly increased payments recently, which is nice. We're talking an increase of $4.00 per month, but it's still nice.
I am 74, and while I live alone quite nicely for now, I anticipate that some day I will want to go into independent/assisted living. The sale of my home should help finance that.