Yeah, I know, search first. I did.
Reading a book on generating Retirement income from your portfolio that someone here recommended (sorry, don't have it in front of me, still at w*rk for 21 more days...). It is pretty good and basically offers strategies of a mix of income-skimming, drawdowns, and annuities... based on your priorities, legacy, life expectancy, risk tolerance, etc.
I can see a fairly strong argument for an annuity being a "leg" of your income platform, especially if risk averse, but never really considered it. I am eligible for one from my pension but it is only 5.1% of the lump sum and they stripped survivorship from it a couple years ago, so a non option for me. I will take the lump sum (Feb 2017).
My DW both have a long megacorp career and SS for us (me 67 her 71) is substantial and we could easily live off of it if we had too. So there is a pretty solid fixed income element... but we have about a 12 year span to get to it.
Anyway, enough of my situation, curious as how many here have or will:
Buy an annuity post retire
If so, with how much of your portfolio value?
Represents what % of your (expected) monthly expenses?
Bought anything other than a standard/immediate annuity.... what kind?
I'll have decisions to make in 2017 about how to invest some fairly good sized chunks of money coming my way.... looking for options...
Reading a book on generating Retirement income from your portfolio that someone here recommended (sorry, don't have it in front of me, still at w*rk for 21 more days...). It is pretty good and basically offers strategies of a mix of income-skimming, drawdowns, and annuities... based on your priorities, legacy, life expectancy, risk tolerance, etc.
I can see a fairly strong argument for an annuity being a "leg" of your income platform, especially if risk averse, but never really considered it. I am eligible for one from my pension but it is only 5.1% of the lump sum and they stripped survivorship from it a couple years ago, so a non option for me. I will take the lump sum (Feb 2017).
My DW both have a long megacorp career and SS for us (me 67 her 71) is substantial and we could easily live off of it if we had too. So there is a pretty solid fixed income element... but we have about a 12 year span to get to it.
Anyway, enough of my situation, curious as how many here have or will:
Buy an annuity post retire
If so, with how much of your portfolio value?
Represents what % of your (expected) monthly expenses?
Bought anything other than a standard/immediate annuity.... what kind?
I'll have decisions to make in 2017 about how to invest some fairly good sized chunks of money coming my way.... looking for options...