Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Quiz: Are Financial Rules-of-Thumb Useful? | Main | Why You Might Want a Tax Pro »

January 15, 2008


Feed You can follow this conversation by subscribing to the comment feed for this post.

my CD matures this month. any idea how much longer the yields from CD's will keep falling ?

We have an annuity worth about 70K from which we withdraw $881 per month (after taxes). We use that amount to pay a car payment and credit card each month.
My question is this. If we withdrew about $25,000 from the annuity, we could pay off the car and credit card.
Should we do that, and then not take money out of the annuity monthly? We are semiretired and the annuity has been used as income. If we did not have the car/cc payments we would not need the money on a regular basis and could use it only for emergencies.
Please let me know if this would be a good idea.
Thanks so much,

I have have roughly 85k in a company 401(k) plan. I'm in the process of changing employers. What should I do with theses funds? I'm 38 yrs old and obviously will be building another retirement with my new employer. I hear that an annuity with monthly draw-downs will give me access to my monies without the tax burden if I just cash out. Or is an IRA the best option?

We have $25,000 ($45,000 a year ago) in IRA's and will retire in 10 years. Does it make sense to keep them up or invest elsewhere?

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.