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Here's another thought: "annuitize" yourself. The $1200 a month on $96,000 for 10 years is an imputed 8.7% return after management fees. Somehow, I have my doubts you'll find an insurance company to promise 10% to you before their fee.

But, as you suggest, you could probably make that sort of return on your own. Maybe you couldn't -- you've got to factor risk in, as you wouldn't with an insurance company -- but probably you could. The other consideration is that in a classic annuity, the money runs out when your heartbeats do, and there is no residual death benefit. You can get other terms, but typically at a lower return.

So what I'm suggesting you consider is the same 3 bucket idea, but with the first 2 buckets being the same vehicle, and both controlled by you.

Really, we are talking about how to draw down your assets. You want to visit the "Retire Early" board that intercst has, and his independent site.
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