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That's a 3.6% interest rate with your money locked up for 20 years. Personally, I'd rather risk that in index funds - your money would be much more accessible,
by rrrrrrrrrrrryan 5y ago
That's a 3.6% interest rate with your money locked up for 20 years. Personally, I'd rather risk that in index funds - your money would be much more accessible, the expected return would be greater, and the risk of the investment dive-bombing on a 20 year timeline is rather low.
I guess cool that it's guaranteed, though, and might make sense as part of a diversified retirement account.
- hrez 5y ago"Minimum term of ownership: 1 year"
- chii 5y ago> the risk of the investment dive-bombing on a 20 year timeline is rather low. it's not that the risk is low - it's just that you cannot know if the equities wouldn't fall at the 20 yr mark, just you need to liquidate it to retire. You have to slowly decrease your % of equities the closer you are to retirement.