Multi-manny step FI ladder

[DuluthGA]

A few months ago I came across the steps to produce a many, many step fixed income ladder. Like monthly for 20 years (240 STEPS) or whatever your target was. I cant remember where I saw it or how to do it. It worked at either Fido or Schwab as I tried it.

Anyone have an idea? Trying to see how 25 year FI Ladder compares to SPIA with 25 year certain.

Thanks and happy New Year almost.

 

[Onda]

That SPIA would have to be adjusted for inflation.

That would be probably the only way to create guaranteed 20 year fixed income ladder. I can't see individual building "guaranteed" FI ladder since individual does not know future inflation or future returns of equities.
But I can see individual building portfolio that 90%+ outperforms SPIA.

 

[Closet_Gamer]

I can't even imagine trying to put together a 240 step ladder. Crazy complicated to assemble and track. And it strikes me as un-neccessary. I don't see the practical value of monthly steps. Quarterly would take it down to 80 steps with no real loss of returns or diversification. Even 40 steps semi-annually would do it well.

Plus you'd need to be comfortable accepting ~4% nominal returns for 20 years. Very high risk IMO.