Refinancing for a 32% Increase in Income
My wife and I just completed a couple big “refinancing” retirement moves last month. One may ask, “Why would someone do any refinancing in our current higher interest rate environment?” If you are refinancing a mortgage or some other debt you owe, you would not. But if you are “refinancing” a Delayed Income Annuity (DIA), […]
Should I Purchase an Annuity Today?
In the summer of 2020, I wrote a blog post about why we decided to purchase two annuities. Recently, a friend asked me if we were glad we made the purchases and if I thought purchasing an annuity today was still a good idea. The answer, as with everything in financial planning is, “it depends.”
Update to Our Longevity Insurance Plan
In the early spring of 2019, I wrote two blog posts on addressing the biggest risk every person faces in retirement, longevity risk, and how to fit an income annuity into your retirement income plan to help address this risk. You can read these two posts here and here. However, due to several major life […]
