Well, I wouldn't just throw annuities under the bus. Depends on what type.

We converted a sizeable portion of our IRAs to annuities about 10 years ago. Still do 401k at work and have a couple of ROTH IRA accounts, but most of the retirement money is in annuities.

We heavily researched this option and worked with our financial planner to make the transition. Why? The thinking was we'd done well with our investments but didn't want the potential risk of a market downturn and have to deal with that. Too old to ride it out and recover, which we'd done a few times in our lives.

Annuities provide a source of lifetime retirement income. And they're not all the same. Inflation-Adjusted Annuities provide a payment stream that adjusts with inflation. Unlike regular fixed annuities, they offer a built-in cost-of-living adjustment based on the Consumer Price Index (CPI). This ensures a real rate of return that matches or exceeds the rate of inflation.

Outside of that, we have several other mutual funds and ETFs. JEPQ is one of the better ones and has a dividend yield of around 8.92% JP Morgan.

Non-retirement, the bulk is in stock (UHN).

Dividend Stock Article.

This post was edited on 5/14/24 at 7:55 am

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Posted by Rize

Spring Texas

Member since Sep 2011

15846 posts

Posted on 5/14/24 at 5:17 pm to Nole Man

quote:
Well, I wouldn't just throw annuities under the bus. Depends on what type. We converted a sizeable portion of our IRAs to annuities about 10 years ago. Still do 401k at work and have a couple of ROTH IRA accounts, but most of the retirement money is in annuities. We heavily researched this option and worked with our financial planner to make the transition. Why? The thinking was we'd done well with our investments but didn't want the potential risk of a market downturn and have to deal with that. Too old to ride it out and recover, which we'd done a few times in our lives. Annuities provide a source of lifetime retirement income. And they're not all the same. Inflation-Adjusted Annuities provide a payment stream that adjusts with inflation. Unlike regular fixed annuities, they offer a built-in cost-of-living adjustment based on the Consumer Price Index (CPI). This ensures a real rate of return that matches or exceeds the rate of inflation. Outside of that, we have several other mutual funds and ETFs. JEPQ is one of the better ones and has a dividend yield of around 8.92% JP Morgan. Non-retirement, the bulk is in stock (UHN). Dividend Stock Article.

I have no idea what any of that shite means