No. of Recommendations: 0
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)
Print the post  


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.
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.