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I've never seen anything written about "laddering" SPIAs. That is, if your holdings dip for a while despite a sensible SWR, annuitize a small amount at a time until your SPIA distribution income and remaining assets are sufficient to meet your needs. Probably you'd purchase the SPIA with proceeds from selling fixed equities.
Advantages might include minimizing the total amount annuitized since you do it as needed only and in smaller amounts; more bang for the buck as you age; avoid inflation adjustments in favor of reassessing the timing of the next annuity (if any); spreading the risk of insurer insolvency, etc.
Anyone actually seen a plausible analysis of that strategy? It "feels" safer than just dropping 20% of your holdings in to an annuity all at once.
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Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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