chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
I have been looking into different strategies for funding our retirement if DW and I ER @ 55.
I will have a small fixed annuity pension @ 55 (no cola). DW and I both will have Social Security. We will probably begin taking DW SS @ 62 and delay mine until 66.5 (to get full amount).
While these income streams will help support us, they are inadequate once one of us passes on. I was considering taking a portion of our assets and purchasing a fixed annuity (joint survivor) with a 3% adjustment (for inflation). This would ensure that no matter what, we would have a base income for the rest of our lives even if the protfolio ran out of money later in life.
Please post and comments.
I will have a small fixed annuity pension @ 55 (no cola). DW and I both will have Social Security. We will probably begin taking DW SS @ 62 and delay mine until 66.5 (to get full amount).
While these income streams will help support us, they are inadequate once one of us passes on. I was considering taking a portion of our assets and purchasing a fixed annuity (joint survivor) with a 3% adjustment (for inflation). This would ensure that no matter what, we would have a base income for the rest of our lives even if the protfolio ran out of money later in life.
Please post and comments.