Be very careful .... when investing your retirement $$
I retired 8 years ago and transferred my 401K to Raymond James Investors. The broker guaranteed me, in writting, 6.5% return. I couldn't get my money out for 7 years but 6.5% guaranteed seemed like a good deal. I took a monthly draw on it for the amount the broker said I could without jepordizing the principle. Every month when my statement came the balance was going down much too fast. Every time I called and asked about it she told me the correct amount would show up at the end of the 7 year period. So,after 7 years nothing showed up and I got worried and told her I wanted to take my money out. Bottom line is ~ I made not one penny on my money for those 7 years plus I lost over $13K of the principle and they charged me $500 to write me a check. The same thing happened to numerous people in the area (and probably others that I don't know about). We are in a lawsuit now to try and recoup our money. Just wanted to caution you that "guaranteed" doesn't always mean it is.