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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'd get about 3.75-3.8% from an annuity. Get me a mortgage at that rate and I'm your man.
Granted if you're in your 60's you'd get a better rate. You also wont be likely to be paying the full 30 years on your mortgage, so factor in the mortality rates per the IRS.
But you're right. No bond pays 6% and returns principal. Which is why mortgages are a lousy choice for an early retiree that is living off their investments. They're currently paying 4.xx% with no principal return.
Again, get me a mortgage at that rate and a return thats similar, risk adjusted, and I'm all ears.
Granted if you're in your 60's you'd get a better rate. You also wont be likely to be paying the full 30 years on your mortgage, so factor in the mortality rates per the IRS.
But you're right. No bond pays 6% and returns principal. Which is why mortgages are a lousy choice for an early retiree that is living off their investments. They're currently paying 4.xx% with no principal return.
Again, get me a mortgage at that rate and a return thats similar, risk adjusted, and I'm all ears.