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I'm unlikely to go that route but all you ever hear from 90%+ of the people is that rates have to rise but they don't.

I found this from an article in 2013
Should I buy an annuity when interest rates are low?

There's no good answer to this question, and it's cavalier to say that interest rates have to go up in the near future. Japan can tell you that rates can remain stagnant for decades, so it's important to prepare the possibility of a flat rate environment for the foreseeable future.

Obviously rates haven't gone up in the last 7 years. I saw a payout rate for a 62 yr old in 2013 was 6.3%. While a 60/40 portfolio did better (9.1%), I doubt anyone that got a 6.3% payout rate starting in 2013, is unhappy with it in 2020. No stock market concerns, no low/near zero fixed income concerns, etc.

In my case I'm probably more concerned about the first 10 years of retirement and not the back end. Partly because if I delay social security even to 67, that would be a chunk of money. It is mostly bridging the first 7-9 years from 60 to 67 or earlier if I quit sooner.

As mentioned elsewhere I'm not optimistic for the financial markets over the next 5-10 years, too many economic issues here and in the world, and that was before the virus situation which the market is temporarily ignoring.

I see too many "how can I get better yields?" posts (around the internet) and the "there is no alternative so put it in the market". Usually both of those questions/comments lead to trouble down the road.

Anyhow, thanks.
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