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When did u contract those annuities?
What interest rate was 20 yr Tbill?
Getting close, but not quite to that point yet. These are current rates. These rates assume a 65 age retirement and living to 95-100. We want a guaranteed rate that will cover living expenses and will last our lifetimes.
OK--then you are really counting your chickens before they hatch, aren't you?
You really don't know WHAT rates annuities will be offering when you are ready to retire--
So anticipating what that might be and basing your investments today on those future rates is asking for TWO anticipated outcomes...isn't it?
OK--then you are really counting your chickens before they hatch, aren't you?
You really don't know WHAT rates annuities will be offering when you are ready to retire--
So anticipating what that might be and basing your investments today on those future rates is asking for TWO anticipated outcomes...isn't it?
Our assets are such that we can afford for current annuity rates to drop, but I doubt they will drop substantially as they are historically low. It's all about balancing risk and return with anticipated retirement needs. We now have enough to more than adequately provide for retirement. It would be foolish to take unnecessary risks.
I buy monthly (because I have an automatic purchase set up on my account), and that will happen a bit later this week. So not today, but soon!
I would be careful stepping in here. Don't think we're anywhere near the bottom. I think, eventually, we're going a lot lower than many think. There will, eventually, be a great buying opportunity.
At 65, our annuity draw will be 5.5% at current rates (more than we could safely withdraw from a balanced equity/bond portfolio). This % will allow each of us to continue receiving the payout after the other's passing. This % will go up if interest rates increase.
not comparable . don't forget at 4% draw inflation adjusted 90% of all 117 cycles you ended with more than you even started with and 67% ended with 2x what you started 50% of the time you ended with 3x what you started with . that is not comparable to a 5.50% cash flow rate from an annuity that ends up with zero value after the last person dies . .
raises can and should be taken all along the way . that 4% is based on the worst possible outcomes and initial draw . we have not even seen anything comparable since 1966 as bad as that 4% is based on .
Last edited by mathjak107; 04-02-2018 at 12:29 PM..
Obama wasn't as powerful as Trump--who heads the Executive Branch with a GOP controlled House and Senate
For now anyway
Obama was thwarted by GOP strength in House and Senate most definitely after the mid terms in 2010, including the MAJOR defeat of not filling a vacant Supreme Court seat that came open during his 2nd term...
Allowing Scalia's seat to stay vacant until after the election for Trump to fill was about the biggest domestic mistake Obama made...
He should have filled it during Congressional recess and waited for the Supreme Court's decision--called McConnell's bluff -- if that is what it took...
I don't know who convinced him to not be more aggressive--or if he needed any convincing--
But to me that was a big mistake--just like letting Bush/Cheney/et al off the hook for war crimes...
Right up there with not coming out and announcing the Russian election interference that scared Harry Reed like nothing else...Obama knuckled under to McConnell's bully tactic that it would seem "partisan"
Well, maybe the truth WAS partisan since the Russians were not evenhanded in their assistance...
Last edited by loves2read; 04-02-2018 at 12:36 PM..
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