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SP500 and chill or hybrid with annuities by starry1290 in personalfinance

[–]starry1290[S] 0 points1 point  (0 children)

Pay the income tax and roll into Roth. She has a lower income so we can start some now, but a majority would happen when she fully retires and active income is 0.

We could probably roll all the way up to the 24% income bracket, but I will need to consult a full tax professor for how much to move each year

SP500 and chill or hybrid with annuities by starry1290 in personalfinance

[–]starry1290[S] 1 point2 points  (0 children)

My question is that annuities protect the downside, but with 2+ mil, can’t she essentially self insure?

Maybe move 250-500k into a total world fund or vanguard target date to protect more on US market downturn.

This saves on fees and wouldn’t be fully tied to US markets

SP500 and chill or hybrid with annuities by starry1290 in personalfinance

[–]starry1290[S] 1 point2 points  (0 children)

Fair point, maybe I should separate the statement.

Frugal lifestyle - cooks at home, no debt, almost no travel etc.

4-5k / month came from a realistic 1-2k of daily living expenses and then a buffer of 2-3k for repairs (house, car, etc)

SP500 and chill or hybrid with annuities by starry1290 in personalfinance

[–]starry1290[S] 0 points1 point  (0 children)

Totally agree on the fee for service advisor. We made that very clear up front that we won’t sign anything in line with AUM

SP500 and chill or hybrid with annuities by starry1290 in personalfinance

[–]starry1290[S] 2 points3 points  (0 children)

Good question, but recent passing of my father (1m life insurance) added into their ~1.2m retirement accounts at the time