Pittsburg, Kansas | Boone & Crockett - 1/30/2026 06:08
with zero order of returns risk. And if we dont, no 1099 shows up in the mail. Thats pretty nice feature. Rather comforting to not have to worry about markets crashing in retirement.
All you have is counterparty risk.
That may be low but not zero.
I've inherited a lot of my dad's depression era genes. I don't much trust big banks or insurance companies. I use them what I have to, and avoid them when I don't.
People didn't think Bear Stearns would collapse. Low probability but not zero. LTCM anybody? Sometimes it doesn't work out even for the smartest guys in the room.
Edited by John Burns 1/31/2026 06:46
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Safe withdrawal rate for retirement