What do you mean by "I should take maybe $400K of my retirement funds"?Hello all, I am 52 and have about $1.5MM in retirement accounts, roughly allocated 65% stock index funds, 30% bond index funds, and 5% cash. I would like to have an income stream locked in to cover my mortgage (currently at 2.375 with about 27 years remaining). With a 30 year bond yielding 4.63, I'm wondering if I should take maybe $400K of my retirement funds and lock in that rate? Or would an annuity be a better way? I'm not close to voluntarily retiring, but my current job security is up in the air over the next 12-18 months, there are restructurings being considered. I have to assume it could take me quite a while to find a new role, based on my age and industry. Any thoughts or advice?
What is distribution of 1.5M across different types of accounts?
How much stocks and bonds you have in the taxable account?
Statistics: Posted by babystep — Wed May 15, 2024 10:36 pm
