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Once Is Enough!

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I have a client (let's call him Joe Bob). Joe Bob has been a client of mine since 2004. I helped him establish a Simple IRA for his small firm.

Prior to meeting Joe Bob in 2004, he had built a successful business and sold it in 1998, netting $4,000,000. Pretty good haul, wouldn't you say?

He happily turned his $4,000,000 over to a local stockbroker who, in a matter of four years, traded it to zero!

Now, Joe Bob is starting from scratch (zero) all over again (year 2002). Joe Bob built up and sold a new business with an after-tax profit of $5,000,000. This time Joe Bob has a new advisor (yours truly). I sat down with him and asked two very pointed questions:

1) Is safety of your money important to you?

2) How much are you willing to lose?

His answers were the following:

1) Yes

2) None

Joe Bob is now in his late 50s and planning to work another three years. He is now a conservative investor more than ever. We will all get to a point in our life that if we lose a large portion of our life savings, we do not have time to make it back! We are investing 80% of his $5,000,000 in Fixed Index Annuities all with income riders.

We show Joe Bob how to participate in the profits of the market with no downside risk!

Once is enough!

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.85% up 3.83%  
15 Y Fixed Graph 2.97% up 2.96%  
30 Y Fixed Jumbo Graph 4.29% up 4.26%  
5/1 ARM Graph 3.13% up 3.11%  
5/1 Jumbo ARM Graph 3.83% up 3.44%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.43% up 4.38%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.56% up 4.54%  
$50K Loan Graph 4.20% -- 4.20%  
$75K Loan Graph 4.20% -- 4.20%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.08% -- 3.08%  
36 M Used Graph 3.29% -- 3.29%  
48 M New Graph 3.06% -- 3.06%  
48 M Used Graph 2.96% -- 2.96%  
60 M New Graph 3.13% -- 3.13%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% -- 0.37%  
1 yr Graph 0.61% -- 0.61%  
5 yr Graph 1.44% dw 1.48%