Personal Finance (Not Investing) • shoiuld I take this SPIA?

I'm trying to give myself permission to enjoy this money now instead of hoarding for ?? nothing actually. Right now I hesitate to take even a $1000 distribution because you know, something might happen.... No need to leave a legacy.

Does this make sense?

If you want “permission” to enjoy the money, you have mine.

Go ahead and buy the SPIA if that’s what your heart is telling you what to do.

New York Life is a very fine company. They won’t disappoint you.

What about MassMutual and Guardian? They were all good offers too. I picked the highest rated not the best payout. Higher payout just means more taxes at this point.

Mass Mutual and Guardian are also both excellent, very strong companies.

I wouldn’t hesitate purchasing from any of the three that you mentioned.

Unless your tax rate is over 100%, a higher payout puts more money into your pocket.

Statistics: Posted by Stinky — Thu Aug 08, 2024 5:49 pm — Replies 13 — Views 632

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