That's just what I was thinking. IF her SS and a SPIA payout covered her "normal" expenses, then she could invest the rest in VTSAX or VBIAX or something like that.Half of her portfolio would purchase a SPIA with a payout of about $1400/mo, leaving the other half for an emergency fund and to make up for inflation. I know my parents have appreciated having the income from annuities and the safety of CDs. Personally, I prefer a bond fund, because even as someone who is on top of my finances, I don't want to keep track of any ladder system, but we have recent seen what can happen to our bond funds... That could provoke a lot of anxiety for someone we are trying to create a portfolio for here.
But we need more info on SS and expenses.
Statistics: Posted by GaryA505 — Wed Mar 13, 2024 10:59 am — Replies 6 — Views 634