Hmmm, I am in the 10% world of hurt...
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Yes, Common Assets offered by Voya surprised the heck out of me. Several years ago, just before I retired, I took 1/3 of my EM 401k and put it into Commons Assets. The Common Assets quarterly dividends have been eye opening especially against the poor performance of the stock market these last 12 months.
My wife and children think that I am a brilliant financial genius; and handsome too!
There are at least two reasons to keep Voya. First, rule of 55 (if needed). Second, very low expenses if you plan on investing in broad based indexes anyway. History has shown that your expensive investment advisor cannot beat these in the long term. Yes, trading lag time sucks - I'm dealing with that now, but all of my trades are for the long term, so a little discrepancy here or there doesn't matter a whole lot.
How’s your spelling dowing?
Why would you keep voya after retirement? Why not move 401K to an IRA
Common assets are yielding high because their biggest holding is I bonds which were yielding 7-9% last year
Expect them to go down this year. it is a nice hedge in the portfolio against market swings and guaranteed returns
I retired last year and put my entire lump sum in common assets, which is now making more than my pension would have been (including SSI supplement).
Yes, agree. I went large on XOM early 2021 and then my financial advisor told me end of last year to go down to 4% XOM and go heavy in Common Assets. Turned out to be great advice.
I cashed out all my xom stock and put money in common assets, so things aren’t too bad.
Better than your spelling skills.
The Common Assets in the Savings Plan is currently yielding over 8%…