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About JoeyWildcat

JoeyWildcat
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Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@EveRHYou can choose the "refund" option to allow your deposit to go to your name beneficiaries.  By choosing this option your income will be a little lower than the full "Life only" option.  You can also add your spouse for the income payments which...
JoeyWildcat 08-03-2018 05:39 AM
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Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@larryk678000If you can tell me when someone dies, when the payments end, then I can figure out the return of the QLAC.  Its all about INCOME in retirement. Example:1. S&P500 fund $100,000 getting 8% annually would give you $215,893 in 10 years (4% i...
JoeyWildcat 08-03-2018 05:35 AM
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Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@EveRH You can also buy a QLAC with a total refund option on it where you don't lose your deposit.  I ran some numbers at QlacQuote.com for a 64 year old female starting income at age 85.  Life only (No return of $) at age 85 $3,467/month vs. total r...
JoeyWildcat 04-28-2018 06:02 AM
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0
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23460
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Social Security

Re: Should I collect now?

@AdrienneC305839 Sorry to hear about your Health issues.  You are correct in thnking about your potential loss of social security payments due to your lower pay becasue of your back.  Social security averages your highest 40 quaters of earnings to fi...
JoeyWildcat 04-28-2018 05:25 AM
0
Replies
0
Kudos
2402
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Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@EveRHYou can choose the "refund" option to allow your deposit to go to your name beneficiaries.  By choosing this option your income will be a little lower than the full "Life only" option.  You can also add your spouse for the income payments which...
JoeyWildcat 08-03-2018 05:39 AM
0
Replies
0
Kudos
22820
Views

Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@larryk678000If you can tell me when someone dies, when the payments end, then I can figure out the return of the QLAC.  Its all about INCOME in retirement. Example:1. S&P500 fund $100,000 getting 8% annually would give you $215,893 in 10 years (4% i...
JoeyWildcat 08-03-2018 05:35 AM
0
Replies
0
Kudos
22821
Views

Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@EveRH You can also buy a QLAC with a total refund option on it where you don't lose your deposit.  I ran some numbers at QlacQuote.com for a 64 year old female starting income at age 85.  Life only (No return of $) at age 85 $3,467/month vs. total r...
JoeyWildcat 04-28-2018 06:02 AM
0
Replies
0
Kudos
23460
Views

Social Security

Re: Should I collect now?

@AdrienneC305839 Sorry to hear about your Health issues.  You are correct in thnking about your potential loss of social security payments due to your lower pay becasue of your back.  Social security averages your highest 40 quaters of earnings to fi...
JoeyWildcat 04-28-2018 05:25 AM
0
Replies
0
Kudos
2402
Views

Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@EveRHYou can choose the "refund" option to allow your deposit to go to your name beneficiaries.  By choosing this option your income will be a little lower than the full "Life only" option.  You can also add your spouse for the income payments which...
JoeyWildcat 08-03-2018 05:39 AM
0
Replies
0
Kudos
22820
Views

Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@larryk678000If you can tell me when someone dies, when the payments end, then I can figure out the return of the QLAC.  Its all about INCOME in retirement. Example:1. S&P500 fund $100,000 getting 8% annually would give you $215,893 in 10 years (4% i...
JoeyWildcat 08-03-2018 05:35 AM
0
Replies
0
Kudos
22821
Views

Retirement

Re: Anyone know the good, bad, ugly of QLAC's

@EveRH You can also buy a QLAC with a total refund option on it where you don't lose your deposit.  I ran some numbers at QlacQuote.com for a 64 year old female starting income at age 85.  Life only (No return of $) at age 85 $3,467/month vs. total r...
JoeyWildcat 04-28-2018 06:02 AM
0
Replies
0
Kudos
23460
Views

Social Security

Re: Should I collect now?

@AdrienneC305839 Sorry to hear about your Health issues.  You are correct in thnking about your potential loss of social security payments due to your lower pay becasue of your back.  Social security averages your highest 40 quaters of earnings to fi...
JoeyWildcat 04-28-2018 05:25 AM
0
Replies
0
Kudos
2402
Views
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Date Registered ‎04-27-2018 12:08 PM
Last Visited ‎08-03-2018 12:00 PM
Total Messages Posted 4
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