JeffRome2023
New Member
- 10
Sort of a catch 22 here--I am considering buying a SPIA now as annuity payout are higher than past. And I am retiring. I had originally considered buying a deferred INCOME annuity and starting payout in 5 to 10 years. But someone recommended instead I MYGA then transition the MYGA payout to a SPIA.
All viable options. I guess my question is--if I MYGA, and rates go down, will I lose out on income from purchasing the SPIA at a lower rate environment, even with the extra money from a 5-6% MYGA?
Thanks.
Not interested in indexed annuities!
All viable options. I guess my question is--if I MYGA, and rates go down, will I lose out on income from purchasing the SPIA at a lower rate environment, even with the extra money from a 5-6% MYGA?
Thanks.
Not interested in indexed annuities!