I love the way you've framed this. I've played with a lot of calculators and feel confident that we don't need an annuity. But I also know that my spouse and I are motivated by security and would be hesitant to spend as much as the calculators say we can. So, I"m feeling pretty confident that we'll purchase an SPIA at some point, maybe earlier than most Bogleheads would. In the meantime, we're going to start putting part of our AA in a liquid annuity available in my employer's retirement plan (TIAA RCP).In my case (current planning)I do think a SPIA is better than having a large percentage in bonds.
I'm a saver not a spender and in a down market I would not be comfortable spending what I want to spend (even if it was a mild down market). Being able to be comfortable and able to sleep at night is priceless in my opinion
My goal is not to have the highest balance at death or spend more if markets do well in my retirement timeline.
Statistics: Posted by SeekingSecurity — Sun Dec 08, 2024 9:52 am — Replies 17 — Views 1291