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Not to hijack this thread, but where are you guys looking at all of these options? I have a similar situation coming up.

Thank you for the help on this. I was able to get in touch with a great rep and the ball is rolling with fidelity.

Okay, I'm going to try this again to move my IRA accounts to fidelity etc type place away from a private firm that has cost me 13k over 2 years in direct fees and my accounts just got back up to 2021 level. This seems like it should be simple but called fidelity and the agents seemed lost...

Amazing info! Thank you, I'll have to look into these options.

Thank you for this and the schedule. I figure if I give someone a lump of money upfront and they give me an offered interest rate I can agree to over the period of 20 years, giving up my freedom of use and possible earnings they can make however much they want off it, so long as I'm satisfied...

To be clear, there is no such case here. It's nothing more than consolidation.

That's getting me in a direction at least, thanks for that info! Definitely immediate income, but man the fees and stuff. Ugh. Is the 7% based on initial deposit or final amount after interest? I was really hoping for something as simple as a CD but pays you out either by payments or rime...

Hello, I was looking at the possibility of putting money into an annuity based on a calc I saw. It would be non qualified, for sure. Used for retirement payments. My issue is this, and maybe I'm dreaming... 1. I can't find one, or at least nothing 20 years term and do I need an advisor or...

This guy is a private firm small business deal. I think I'll talk to Schwab. I just want to preserve the IRA and make some interest before drawing. Side question is, what happens when the IRA is being drawn from once it is matured from a CD or annuity? Meaning what do I do with it if I want...

Thank you for all the help! I was not very clear in this, but the advisor and I are still on okay speaking terms. My issue is he offered the opportunity to use the IRA to purchase a CD or annuity, but the caveat is he needs to fill a form on other allocated assets and their liquidity. Im not...

Updating with more questions.... I called Fidelity as mentioned here and had no luck with this switching IRA over. Then, speaking to advisor he says there's paperwork to roll into a CD and needs to write down other funds not in his control. I'm at a loss here. I just want to move this IRA...

Okay, thank you for that information. So just to be clear for example, let's say an account has 100k in it, you can't just get 20k a year for 5 years? Thank you

Okay. So the amount is divided up by 5 years and that's that? Market fluctuating has no bearing? Thank you

Does anyone know how it works to draw your ira for the 5 year lock in? I know there are lots of restrictions and cons, but I'm curious if you sign up for that do they lock in that allotment no matter what happens Thank you.

Thank you for the detailed answer. I'm looking to use a 5 year plan account which would drain an account we have 1. If I do the plan will it be divided by 5 years to drain equally? 2. If I do the plan is it as simple as set up and run it out or will they only allow a portion drained?

Thank you for the help! I see calculators for 72T payments, however I'm wondering if there is a way to draw more annually than they set by percentage. In other words more amount monthly, or with draw more after 59.5yrs?

Hello, we currently have IRA plans with an "advisor". I seem to do much better without "advisors"... Long story. Anyways how do we go about getting control of our accounts to not pay a fee anymore? Or if we begin to draw off one using the 72t I assume we'd still be paying the advisor. Any...

Thank you for the help!

Thank you. Both are early retired. One is currently 56 and the other 45. If the older eventually collects at 62 and passes soon after or say the younger is only 50 and no military, I assume the younger is out the SS until 60 or later if they can wait.

Excellent! Thank you for the information. So, if they're say 52 technically at 60 they can collect a reduced amount, but at 62 they would pick up where they left off depending on inflation etc?

Hello, If a spouse is 12 years younger how does it work for spousal survivor benefits if the younger spouse is not 62 yet? Do they lose the benefits or does it go on hold until 62 or something? If they do get benefits does it stay the same as was being collected? Thank you.

No, it was my idea. Just an idea. Idk, I just meant as time goes it gets worse and harder for middle class. Imo the future isn't bright, it was a throw away comment. Just my view.

This is interesting, Thank you.

That's a good way of putting it. If things go right. Yes. Our advisor has a nice plan for us. My career ended 12 years early so that changed a lot , but life is short and for now I'll take what's left of the American dream life. The system collapse will mess it up. For now we're certainly...

Chances are spouse could die and I don't get the SS amount anymore that was coming in if it was there. The insurance payout would cover that if it happened. The problem would be possibly not enough funds at that point. I don't plan on working in the future I'm considering this as a way of...