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Subject:  portfolio loan consideration Date:  5/24/2013  1:50 PM
Author:  rnguy Number:  72266 of 97378

Early Retired at 60. Living off comfortable portfolio. Trying to downsize and buy new home. Banks wont even consider my portfolio for loan approval(although if I wanted I could pay cash.) They suggested rolling everything into annuity for "income" but paying someone to give me my own money is crap. Any thoughts of ways to utilize stock portfolio as income source while keeping investment flexibility. Someone suggested forming my own annuity to pay myself. (Bank will look at dividend stream but I only recently began shifting more assets toward this and it does not show substantially on tax filings yet)
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