Your market investments are Monty Carlo returns, like mentioned. My annunity pays out min 7% for life. Your principle is locked in the market to make the dividends also. What I do not withdraw, my heirs get! I know exactly the payout any year from day one. Adds certainty to planning. A little bit of each is the way to go.
FIA annuity with income rider (the magic). The deals are still there. Was looking a few months ago to park some money. It all boils down to how much you gonna pay me guarenteed and when. YOC is comparable to CEFs.
Your market investments are Monty Carlo returns, like mentioned. My annunity pays out min 7% for life. Your principle is locked in the market to make the dividends also. What I do not withdraw, my heirs get! I know exactly the payout any year from day one. Adds certainty to planning. A little bit of each is the way to go.
Must be a variable annuity or an income annuity that you purchased long ago. No income annuities lay that today.
Yes, agree blending the two approaches makes a lot of sense!
FIA annuity with income rider (the magic). The deals are still there. Was looking a few months ago to park some money. It all boils down to how much you gonna pay me guarenteed and when. YOC is comparable to CEFs.