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Question for the group
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Boone & Crockett
Posted 2/12/2019 04:55 (#7315242 - in reply to #7314324)
Subject: RE: Question for the group


milofarmer1 - 2/11/2019 17:57

doathlon - 2/11/2019 13:20

.when you approach your last decade from retirement than put it into safe investments and ease your way out of the risk.


What if you live 25 years past retirement age?

Guaranteed lifetime income is what annuities are designed to provide. The majority of our retirement funds will be in indexed single premium life insurance (great way to minimize taxes and fulfill RMDs in much more logical fashion) and laddered annuity strategy. Will keep a percentage in the market and recieve reverse dollar cost averaging withdrawals to bridge the gap between 62-70, so as to maximize SS monthly benefits. Will have guaranteed,increasing,incomes for life. This strategy will all be completed for us by May 1st. First investments were fixed annuities that were earning 9-10%, (these had a guaranteed minimum interest rate of 4%, so when banks went to 1 1/2, we were still getting 4%, that was a great deal) then growth mutual funds. I was my own Rep. Wife has been contributing for 32 years into Federal thrift Savings, and she will recieve a lifetime pension and supplemental SS to bridge her early retirement gap to age 62. Our health insurance is provided for life at 25% of the cost. Have our nursing home coverage in force, (take care of this as early as possible) plenty of permanent life insurance on us both, so our bases are completely covered. Our job will be to try and stay as healthy and active for as long as we can, all the while enjoying a worry free retirement. Longevity risk is the biggest risk in retirement, as it is a multiplier of all the other risks combined, so it must be taken off the table.

Edited by Boone & Crockett 2/12/2019 05:29
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