TV Appearance

   
 

Fox Business News
"Your Questions, Your Money"

Show Date: November 14, 2009

Rich Coppa on Fox News

Rich Coppa answers your financial questions.


Question:

What do you think of Equity Indexed Annuities? Background: both of us are retired, early 60’s and except for our mortgage, we are debt free. We have about 2.3M in our IRA, 1.2M of that amount in two Equity Indexed Annuities, & most of the rest in bonds.
- Zeke and Zelda write in

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Question:

Bob got out of the Stock Market last November. He is 60 years old and is receiving a small retirement from his company as well as collecting unemployment. He owns his home and cars and his wife has a very good job. His $250,000 CD just came due at 4.2% and parked it into a money market. Should he get back into the market?
- Bob calling in from Florida

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Question:

Bob and his wife are 61 years old. Bob has been with a company for 30 years and he has just been let go. He has a 401(k) and he has an opportunity to take a lump sum or an annuity from the company. If he takes the lump sum – including his 401(k) he would have a total of $1million dollars. Where would be a safe place to put the $1million dollars?
- Bob calling in from Nevada

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Question:

My Husband and I are debt free. We are both working full-time and have our 6 month cushion in the bank. Should I take a mortgage on the house in order to put $100k in mutual funds or other retirement investments?
- Holli writes in

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