How Should I Invest My $100,000?

Q: I'm 50, retiring from state employment in Ohio, and taking a $100,000 partial lump sum payment which I would like to roll over. I also have $65,000 in a 403(b) which has had returns of 6-8% over the last few years. I've been pitched both variable and index annuities (each by a separate individual) which sounded good at the time until I researched them on the net--scary! What method of investing would you recommend for the $100,000? Since it's part of my actual retirement benefit, I'm concerned about maintaining the principle but, at the same time, would like to make a decent return.

A: There are a couple of things you need to look at. First, you need to determine if you even need an advisor. Second, if... you do, you need to make sure you find the right kind of advisor for you.

The two individuals you are talking to are just trying to sell a product. They probably don't know anything about managing money.

Here is a link to the article I wrote for this week:

Changing Investing Landscape

And here is a link to a Special Report that will help you better understand the financial services industry and what to look watch out for:

Financial Self-Defense

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