Rich_by_the_Bay
Moderator Emeritus
Though I am almost never a fan of commercial annuity products, Lynn and I are on the verge of re-allocating some of our cash reserves to a Do-It-Yourself immediate annuity strategy. No insurance companies are involved.
This "instrument" has been discussed here and elsewhere. Our goals are a) an rock-solid income generator for basic expenses beyond what SS and a small pension will produce, b) smooth the jump from several years of almost no taxes to the tax created by consulting pocket-change and SS kicking in in 2015 and c) simplification for the surviving spouse when that time occurs.
I'd average in over 2 - 3 cycles to smooth carrier and interest risks. There should be plenty left over for traditional investments -- maybe even a bit more aggressively given the annuity-like reassurance of such a plan.
I realize some of this has been discussed but times change. Take a read of the brief article above and tell me if it makes good sense.
This "instrument" has been discussed here and elsewhere. Our goals are a) an rock-solid income generator for basic expenses beyond what SS and a small pension will produce, b) smooth the jump from several years of almost no taxes to the tax created by consulting pocket-change and SS kicking in in 2015 and c) simplification for the surviving spouse when that time occurs.
I'd average in over 2 - 3 cycles to smooth carrier and interest risks. There should be plenty left over for traditional investments -- maybe even a bit more aggressively given the annuity-like reassurance of such a plan.
I realize some of this has been discussed but times change. Take a read of the brief article above and tell me if it makes good sense.
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