Personal Investments • Planning Future Withdrawals

I don't know enough about SPIA and MYGA to really comment but if you can invest less than $230K and generate your required income stream for eight years, that seems like a better deal (not sure that kind of deal is available though).

I found the below quote which allows $38k and above withdrawal allowance starting from year-3 ... { hypothetical male aged 60, in Colorado, and A rated insurer or better; all those inputs are just random, but one can tweak as appropriate }

https://www.blueprintincome.com/fixed-a ... e=1&age=60

You cannot steadily withdraw $30k plus from any MYGA, the initial withdrawal allowance will be limited to 10% of the amount (so max $23k on a $230k initial balance) for a few years. But thereafter the restrictions get relaxed

Statistics: Posted by lakpr — Mon Feb 19, 2024 2:23 pm — Replies 7 — Views 674

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