I am only looking at SPIA, fixed annuities, no ongoing fees (or if there are, they are built in). The payout I see is the payout I will get for the rest of my life. As for risk, not sure how to answer that. If I cannot trust names like Mutual of Omaha, Prudential, New York Life, etc with at least a ...

They pay you back a ratio of interest and your principal. Two main things I like about them: 1) Nearly risk free. Get from an A+ or better insurer (like New York Life, Mutual of Omaha, etc) 2) They pay for life + joint spouse life + cash refund and many other varieties. Vinny, look at: https://www.i...

Decided to log on again here -- slow end of day. If you follow my other topic, you might know I have been nearly 100% out of stocks and bonds since Jan 3,2022. I really had no idea at the time it was going to be fortuitous, at least up until now. So I am not complaining. But what I currently am fin...

mathjak107 wrote: ↑Fri Sep 23, 2022 5:23 pm Also the bulk of an spia payout comes from mortality credits , as those who die pay for those who live .

The effect of rates going up or down on them is not as great as you would think

Sure. But there is some effect, and I am in no rush.

Decided to log on again here -- slow end of day. If you follow my other topic, you might know I have been nearly 100% out of stocks and bonds since Jan 3,2022. I really had no idea at the time it was going to be fortuitous, at least up until now. So I am not complaining. But what I currently am find...

See indexed annuities https://www.investopedia.com/articles/retirement/12/build-your-own-annuity.asp I understand you wouldn’t participate fully in good years, but at least are limited to 0% or higher gain in down years. My overall reason for doing this is stability, as well as completely decouplin...

joypog wrote: ↑Fri Aug 26, 2022 1:19 pm According to MangoMan its cause all the upstanding members have been chased out and it's a raging leftist forum nowadays.

I mean, just look at the consensus opinion on the student loan forgiveness thing.

Sounds like Pug...

Probably just stating the obvious, but that's an annual income of $36k while still not having given up all of your principal as would happen in the theoretical scenario of annuitizing everything. On a more general note, it's good that we are now having more conversations like this on this forum wit...

I am curious if, as an exercise, you have compared income from annuitizing everything vs. Just going 100% to "cash" and assuming a steady effective rate of return for the next 30 years or so. That would seem to alleviate some of the inflation risk vs. holding everything in SPIAs. Just kin...

Cortopassi, are serious that you can live on a third of $7,900? Even if you stop working? If so, I believe that my wife and I have become totally detached from reality. But damn! $2,633 per month? Really? What kind of saintly woman did you marry? O0 Absolutely. And that is probably on the high end ...

Guys, I have been using this site. https://www.immediateannuities.com/ Easy to plug in values, and gives you payout info without needing to enter an email or anything. I am starting to keep track of payout rate. They absolutely have gone up. Right now at 55, if I put in 500k, life with cash refund (...

If not a bot someone with a weird idea of funny...!

Mostly I decide not to take those way OTM trades. Bringing my youngest to college next week. Oldest started her job in Chicago two weeks ago. Going to have an empty nest three weeks from now! :-[ On the first - Selling short term puts and/or calls repeatedly can earn you quite a bit of extra change...

Ethan, you know I toy with that in my mind -- is it worth $25 to even log the CC in as a trade, and have it take up space in my mind. Mostly I decide not to take those way OTM trades. ==== Since I got pinged on this post, here's my August update! I am still out of the market. Missed the summer bull ...

… --I have had 0% stocks and LTTs in my portfolio since May 4th (and had already cut down significantly since Jan 3). Only gold and cash (in 1.25% savings acct and i-bonds). I am a internally a perpetual bear it seems. This was all intended to be part of a shift to writing options, but I have not l...

You sure you don't want to stick around and debate abortion and guns? Probably not! Ohh, gift box! I need to look into that! I also moved some cash to Bask Bank, 1.25% rate with no weird rules. Ally also has done multiple increases in the past month or so and is at 0.9%. Better than nothing... I ha...

About two months since my last update, for those interested: --I have done very little option writing in the past two month. I still have some open on GLD and SLV, some profitable, some not, rolling as needed. My portfolio is down 3.65%. Had I left it as my allocation was on Jan 3, I would be down 1...

I started paying the $20/year to Google a couple months ago for 100GB. Why I was even concerned about $20 a year I don't know. Deleting old emails with attachments will free up a lot of space. There is an app that can scan your Gmail account and rank the file size. Yeah, I do that all the time. Mos...

I started paying the $20/year to Google a couple months ago for 100GB. Why I was even concerned about $20 a year I don't know.

Cash seems to be the only place to sort of hide right now. I know TLT has come back a little bit off recent lows, but damn, I can totally related to Budd's whining about gold. Throwing the baby out with the bath water so often it seems.

Regardless, it is definitely currently broken! I continue to sell calls going down, but doesn't feel very good anyway. May be selling them at $113 next...

When the heck are savings banks going to boost their 0-0.5% rates?

Luckily enough, before the Fed announcement, I sold deep ITM calls on the remaining of my TLT holdings. At $117.50 I sold $115 calls. TLT has now dropped below $115.

And the market completely reversed yesterday.

Wow.

Skyrocket is a relative term I guess. TLT has been pretty good dropping like a rock, and ...slowly... rising. So far, I have gone multiple weeks thinking I would get called out, instead being able to rewrite on a weekly expiring basis. It'll end at some point, which is fine. Then I'll write some put...

I still have some TLT that I am writing calls on, but yesterday I converted all my 401k based long bonds to DIPSX, (https://finance.yahoo.com/quote/DIPSX?p=DIPSX) which is available in my 401k and seemed a good compromise for now. I still have my physical gold at about 20%. I am down to <6% in stock...

My plan is selling covered calls on the way down right now, capturing 50-60% of the loss so far. But not the long bonds in my 401k....