Is the IRA provided by Met Life with a guarantee 6% growth a good investment?
They guarantee a minimum 6 % growth for your IRA's income potential, not cash value. This costs 1.55% management fees on each fund and 0.5% annual maintenance fee (I am not sure of the fee catagories names, but the numbers are right).
Asked By: steve p - 4/9/2008
Best Answer - Chosen by Asker
A 6% guaranteed return is not a horrible number, but it's not a very good number either, especially if you assume there is going to be inflation, and there always is. If inflation creeps up to 3%, your net is only 3%... And, you've paid over 2% to get it! Any time total expenses exceed 2% that's pretty high. Part (most... More
Answered By: man_with_a_big_member - 4/10/2008
Additional Answers (3)
I'll say this. Any fund that charges over 1% fee is too high. You could do better with T. Rowe Price or even Vanguard for that much. No fund can guarantee anything, unless its a fixed investment or an annuity, that's it.
Answered By: $so fresh so clean$ - 4/9/2008
They gaurantee 6% and have fees in excess of 2%? Soundsl like a bum deal to me .
Answered By: Don - 4/9/2008
It's a terrible investment. Your real return is 3.55%. A bank CD has better terms. 6.00% -1.55% -.50% = 3.55% Open a Roth IRA and starting dollar cost averaging in the S&P 500 if you are looking for 10+ year retirement growth. http://en.wikipedia.org/wiki/Roth_IRA
Answered By: Net Advisor - 4/10/2008
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.