ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Bear with me before you Poo-Poo this thought. Our ages are 68 & 63 Respectively. 50% of stash is in Qualified funds and the other 50% is taxable.
Now that the Sooth Sayers are predicting a few increases in interest rates, the 10 year bond that most of the above are loosely linked to from a rate perspective, should increase.
After a few rate increases MYGAs and CDs should begin to look more attractive. My goal is to jump in when these rates clear 4% and approach 5%. Hopefully this will happen.
I am thinking of a few laddered MYGAs (That can be annuitized) up to the limits of our state's Annuity Guarantee fund. As DW utilizes ACA we really cannot (or at least do not want to) do Roth Conversions, or we will give 50% of what we save back to BCBS.
For us our desired rate of return is 4%. currently along with DW's SS & Canadian State Pension, my UK & Canadian State Pensions (SS Equivalent) + our stash we have more than enough and probably take >2% of our stash annually. When I turn 70 and collect USA SS that will be >1%. Why 4%? Because at 4% we pretty much live like kings IOHOs. We are not likely to buy a plane or a new expensive home, and currently we still save a little every year. We have no one to leave anything to with the exception of a few charities that are in our will, so leaving a mountain is not in the cards.
I am now starting to review insurance companies for MYGAs. My gut says A+ ratings or above is what to go with, but B, B+ and B++ seem to be ~1% more, for a good reason I presume.
Anyone have any opinions about Annuity insurance companies and their associated ratings?
Now that the Sooth Sayers are predicting a few increases in interest rates, the 10 year bond that most of the above are loosely linked to from a rate perspective, should increase.
After a few rate increases MYGAs and CDs should begin to look more attractive. My goal is to jump in when these rates clear 4% and approach 5%. Hopefully this will happen.
I am thinking of a few laddered MYGAs (That can be annuitized) up to the limits of our state's Annuity Guarantee fund. As DW utilizes ACA we really cannot (or at least do not want to) do Roth Conversions, or we will give 50% of what we save back to BCBS.
For us our desired rate of return is 4%. currently along with DW's SS & Canadian State Pension, my UK & Canadian State Pensions (SS Equivalent) + our stash we have more than enough and probably take >2% of our stash annually. When I turn 70 and collect USA SS that will be >1%. Why 4%? Because at 4% we pretty much live like kings IOHOs. We are not likely to buy a plane or a new expensive home, and currently we still save a little every year. We have no one to leave anything to with the exception of a few charities that are in our will, so leaving a mountain is not in the cards.
I am now starting to review insurance companies for MYGAs. My gut says A+ ratings or above is what to go with, but B, B+ and B++ seem to be ~1% more, for a good reason I presume.
Anyone have any opinions about Annuity insurance companies and their associated ratings?
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