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Good question. I'm not sure the answer to that. What I understand is that once locked in it's the annual rate paid for the life of the annuity.

Great input so far. That's why I posted the question. Thanks.

I would fund the MYGA from a tax deferred retirement account, so I could roll the annuity into an IRA on maturity. The taxes then would only be paid on annual distributions.

The amount I would use for the MYGA doesn't represent the entirety of my portfolio, although it would be about 70 percent. I have other funds to tap for unexpected expenditures plus I have a nice pension. The terms I site in my OP are from the company's brochure, not a salesman. The most...

I recently discovered an A-rated company offering a 5.45% annual rate for a ten year annuity with the option of taking up to 10% out without penalty. At the end of the term one can roll over into a new annuity, an IRA, or cash out. With most of the big financial players (Vanguard, JP Morgan...

Welcome, Colonel. My only addition to what's been said is don't forget to factor in what life would look like for your spouse should they outlive you in retirement on a survivor benefit that would be half of your retirement. I retired after 35 years in the Marines and as a Fed on less than...

I just read this article which makes a case for a very bullish forecast over the next decade plus for the S&P 500. This brought on by the millennials hitting peak earning/consumption years...

We live on the coast of 27. Very happy here. Lots to do and a very affordable COL. It did get hot and humid in summer, but a quick trip to the beach for a swim is nice.

I used to read and post over at MMM but grew tired of the all too often negative views on religion, politics, and Dave Ramsey. I was actually called out for supporting my local church with money that could be better used to support other charities. So I closed my profile down.

I switched my AA to 40/60 last fall as I was concerned about high valuations and the longevity of the bull market. I then changed to 50/50 on March 20th to buy some stock at recent lows. I'm down about 15% total. I plan to slowly shift even more assets into equities going forward. This bear...

I went to a very conservative AA about four months ago waiting for a correction to create buying opportunities. I think we just saw one. 😜. Time to ease back into a more aggressive AA? That's the big money question.

Served 20 years in the Marines.

Yes, that's what I was saying. Thanks for clearing that up.

I considered a SEPP, but decided against it because of the five year, age 62 lock. But I do have a pension which I decided to suplelment with part time do consulting. Then at 62 I'll consider what my SWR will be on the balance of my portfolio. Probably won't go as high as 4%.

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I retired 3.5 years ago at 52. Had not planned to retire just then, but things just fell into place. I was growing more and more unhappy with work and my agency offered early retirement to a few high grade folks. So....here I am not worry about drinking too many beers on a Sunday night while...

I swim almost every work out. 20 minutes cardio, 20-30 minutes weights, end with 500 meters in the pool. I try to do this at least three days per week, better if I can get in four of five times per week.

Northeast Alabama about 10 minutes from half a dozen boat ramps on beautiful Lake Guntersville. We've lived all over the place as I spent 34 years in the Marines and DIA. I now have a love/hate relationship with travel.

Hated HQ Was fat, dumb and happy as a FED living and working in Alabama. But my detachment was closed and I was moved kicking and screaming to DC. For ten months I was miserable with the early and long commute, traffic all the time, HQ politcal BS. Early retirement was offered. I qualified...

Kind of. My last assignment (Federal Officer) was to DC in 2014 after living in the Huntsville, AL for six years. We liked North Alabama and hate DC. So after 10 months in DC, I was offered early retirement, so moved back to Alabama. I've now been FIREd for a nearly 3.5 years. But I'm...

I'm a man, 56 yo and live in Alabama. I refer to guys I meet as "bud" or"buddy". And women as"sweetie", unless they are older or in a position of authority, then it's "sir" or "ma'am". It's me being friendly or polite, not condescending, and it's usually reciprocated in kind. . If one is...

Replaced faulty flush valve, tank washers and bolts in my toilet. Total cost...$40.00. Plumber would have charged $100 for the service call plus a premium for the parts.

Always outside; playing ball, building forts, riding bikes, hunting and fishing. Hated to be inside. We settled our issues by fighting and the coaches at school would put boxing gloves on you and make you fight it out if caught fighting at school. I had my fist gun at 12 and first dirt bike...

I was in the Marine Corps at the time. I remember Lehman as SECNAV. Wasn't he the Mastermind of the 600 ship Navy?

You don't have to wait for any specific age to begin SEPP vis a vis 72(t). Everything you need to know can be found d at 72t.net.