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13 hours ago, coachmac9 said:

Good read, but man, how sad is it to work all your life for a huge corporation that is worth billions and end up with nothing...bummer.

Sometimes it's choices along the way.

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I couldn't get past his investing his nest egg of $250,000 into a fund that "supposedly guaranteed" him $4000 a month to live off of.  That implies a rate of return of approximately 19% year in and year out. 

If it seems too good to be true...

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On Wednesday, September 20, 2017 at 3:40 PM, mptjelgin said:

I couldn't get past his investing his nest egg of $250,000 into a fund that "supposedly guaranteed" him $4000 a month to live off of.  That implies a rate of return of approximately 19% year in and year out.

If it seems too good to be true...

Payments probably included a drawdown of principle with $0 balance left after X years of payments.

Greg

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16 minutes ago, gjhunter01 said:

Payments probably included a drawdown of principle with $0 balance left after X years of payments.

Greg

Perhaps. But the article implies that he unexpectedly lost it all in the 2008 market.  That doesn't sound like a "normal" annuity. 

You are not going to make a guaranteed $48000 a year on $250000 unless the guarantee period is very short indeed. Like 6 years...

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