Thank you Birdfood for that perspective and I agree I am exposed to interest rate risk. It is actually part of living expenses for those years hence my desire to keep risk to minimal (not zero) while getting appropriate returns ( not striving for optimal or maximum)
Thank you Stinky for the perspective on MYGAs given my needs. I understand how year 1 of annuity withdrawal will work based on what I put in this year and given the high interest rates. What happens for year 2-10. Are any of the other vehicles better?
May be my modified question should be - depending on interest rate scenario do I invest in different vehicles say MYGA this year, something else next year to give me a high confidence annuity flow 10 years hence?
Thank you Stinky for the perspective on MYGAs given my needs. I understand how year 1 of annuity withdrawal will work based on what I put in this year and given the high interest rates. What happens for year 2-10. Are any of the other vehicles better?
May be my modified question should be - depending on interest rate scenario do I invest in different vehicles say MYGA this year, something else next year to give me a high confidence annuity flow 10 years hence?
Statistics: Posted by anhonymous — Sun Aug 25, 2024 2:40 pm — Replies 16 — Views 2145