It doesn't seem all that complicated to invest in a basket of securities that yield a decent (in the current low yield world) return. I have annuity contracts that are paying between 3.5% & 5.5%, and yes, I surely paid a fee (commissions) going into them long ago (back when IRA investments were paying close to 10%, but inflation was also over 10%). Maybe UTC is trying to shed the last vestige of fiduciary responsibility to the 401K people and get everyone into the life annuity they are pushing. ????
Bik, if you shop around, 3.35% is not bad given it is effectively a certain rate. It is NOT attractive if that is what you have to live on, but given the market's plummet today, (my spreadsheet is read everywhere except the fixed incomes) it is nice steady money.
Biker, I'm retired too.
The market was just 'breaking even' for me this year prior to Brexit; I'm down badly now pretty much across the equities board. My personal fixed/equity spilt at the start of the year was ~40/60; as of Friday night it was 45% fixed, mostly due to that day's drop in equities. Today made it worse, I have not yet tallied up the carnage.
I'm able to pay my bills and do the travel I like to do without touching my investments (so far) so I'm not yet complaining. Depends on how deeply this market plunges, I suppose.
I don't 'play' the market at all. I do adjust my portfolio now and again, to try to keep a balance of fixed and equities that are more than just the DJIA or S&P. The FDIVX was hit hard but FMAGX & FBGRX were hit equally hard. Personally I anticipate the market rebounding over the next six or so months ... I don't think I'll make any shifts right now. 30 years ago, I tried timing the market; every time I did, I got whacked! It doesn't take that many whacks to teach me I'm not that smart.
I doubt Hillary knows you exist, Airborne. You may doubt she cares, too; who knows. IF you think trump is a better choice, do your civic duty and vote your choice. He's managed to bankrupt far more businesses than even your favorite UTX executives!
In fact, NO, I think that President Obama has done well. But then the economy almost ALWAYS does better under a Dem administration than a rep administration. Run the data from the Civil War forward ... I'd done it ... and the edge is measurable. IF we had a republican party that actually tried to govern, the differences in our economy might be even more positive. (you may have forgotten Mitch's "our goal is to make sure this is a 1 term president" comment. he's been an obstructionist for 7+ years now)
How badly short are you, Walt? Yesterday Bloomberg said "nortek is UTC's to lose" ,.. now they say that a huge premium was paid by the other guy. I don't think the company is doing that badly.
After France beat Germany on Thursday I'll root for France. I'm in Serbia these days, and enjoyed watching the people watch the game on the big-screen outside the bar. It was a mixed crowd, so nothing real partisan. I'd rather be rooting for Iceland still.
Oh, and what goes up also goes down, Kid. The crocodiles may be lurking in the rushes on the other side of the river.