Based on current reported returns, for every $100,000 Fred invests in a single premium immediate annuity, he could get $700 per month guaranteed income for life, amounting to a withdrawal rate of 8.4%.
Tag: ETF retirement investment
How Retirees Can Avoid the ‘Tax Torpedo’
The idea is to use dollars in 401(k) or IRA accounts to meet living expenses–or convert a portion of these assets to Roth IRA accounts–before claiming Social Security in years when your marginal tax rate is lower than it will be after you start to receive benefits.
Next Avenue: Your guide to the tricky tax rules of retirement
Next Avenue: Your guide to the tricky tax rules of retirement Original Post>