No. of Recommendations: 1
Since your intent is equal increments over a fixed period of time and your desire a fixed rate...

I would consider a single premium immediate annuity with a period certain of 10 years.

Think of it like a reverse mortgage on your money. You pay $200,000 and your money is amortized over 10 years and paid back to you monthly, quarterly, or annually.

You can fairly easily shop around for such an option and there are likely many that would yield you in excess of 2% for a 10 yr policy.

I just ran a search on one with an inflation rider on it (payments increase 4% every year to give you increased income) and the rate came back at 2.21%. Your current age will have an impact on your rate and payments.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement