Insurance Premiums

I guess it is time to get 100% long for the readers to count. All indications in Insurance Premiums are unbelievable, for example fixed annuity.

I wan to start a fresh head. But I can't write this down. It is like some kind of addiction. I'm hooked on little one.

My husband and I have been thinking about turning our 401k/IRA money into annuities.  But we are concerned about: 1. Outliving our money 2. Not having enough for "play money" for those cruises we want to take. Our financial consultant suggested variable annuities.  Since we don't know much about them, we've been doing some searching.  Miranda Marquit, over at Yielding Wealth,  recently answered my question about the difference between fixed and variable annuities. There is still lots more ..read more.

While more information waited to be found, that is what I found:

I have a portfolio of 60/40 equity/fixed and am considering taking about 15% of the portfolio to purchase a SPIA (not inflation adjusted) to cover some of my annual shortfall. Any opines on whether I should liquidate the 15% prorata and maintain the same AA or take it all out of the fixed and not rebalance? Thereby treating the PV of the annuity as part of the fixed allocation? Any place this may have been discussed before that I can be steered to? ..read all.

Those who keep up to date with plenty of information know for sure that what I need.

I found this one on internet, quite interesting:

What is an annuity and what exactly can be done with them now or in the future? An annuity is a series or stream of payments that usually comes from an insurance company. The person receiving the payment is called the "annuitant" and the contract is usually paid on a monthly basis. Annuities are set up to guaranteed amount of money in the future payments spread out over years, usually for life. There are several different types of annuities and each one has specific advantages. Deferred ..[More].