B
Bill J.
Guest
OK, here's something I don't understand--hopefully one of you can give me some advice.
I've read that the SWR is about 4%. If I can buy an income annuity that is fixed-rate at 4% (or higher) and is inflation protected, why not do that and let someone else be responsible for managing at least part of the nest egg? I'm not a good money manger in general, and it would be a relief to have some help with something this important to my future.
I know annuity rates are low right now so I probably should wait a while, but what about this general idea?
I've read that the SWR is about 4%. If I can buy an income annuity that is fixed-rate at 4% (or higher) and is inflation protected, why not do that and let someone else be responsible for managing at least part of the nest egg? I'm not a good money manger in general, and it would be a relief to have some help with something this important to my future.
I know annuity rates are low right now so I probably should wait a while, but what about this general idea?