RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,660
With retirement coming up, I decided to sell $210,000 of stocks today. This money (plus another $25,000) will be used in a year to buy an annuity of $12,000 per year. The annuity will start at age 50, have a cola of 3%, and will last until both me and my wife are dead.
This will provide about a third of our base expenses and about a sixth of our expected withdrawal. I could have let it ride until the end in stocks but with only a year left and the market up it felt like the right thing to do.
Feedback welcome and I also want to thank everyone here for a great forum. The discussion and knowledge found here is incredible.
This will provide about a third of our base expenses and about a sixth of our expected withdrawal. I could have let it ride until the end in stocks but with only a year left and the market up it felt like the right thing to do.
Feedback welcome and I also want to thank everyone here for a great forum. The discussion and knowledge found here is incredible.