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Re: My Escape Plan - Insights Wanted
Thanks Rock Dawg! It's a work in progress.
Thanks for your input too Minn! My financial advisor is a pretty trustworthy guy. He also advised against annuities. But the 401k rollover is not an insurance or "sell your 401k" type thing. It's a rollover with govt stipulations for how much I can take out and mandates I take out X amount annually - so it's still technically an "annuity".
He is saying that taxable bonds (which I wouldn't have to pay taxes on due to low income I'll be earning) and they would get me close to 5% and additional stocks should get me a bit over, of course realizing there are risks to all of it.
Does that sound right?