I’m looking for guidance on what to do with my husband’s Tiaa traditional amount with TIAA-Cref upon retirement. Below are some of our financial data
•We both work for the state and there will be no social security incomes in retirement
•At retirement he will be 67 & I will be 65, no debts (house paid off).
• His projected value of retirement will be 1.8M to 2 M, of which 400K is in TIAA Traditional.
• My projected retirement accounts combined will be 800K to 1M.
• Our total retirement portfolio is appro. $2.8-3M.
• Currently our monthly expense is around $5000. Our household income is around $170K-$190K
We will retire in 4-5 yrs and just wonder if we should annuitize my husband’s entire TIAA tradition. so we can get a “pension” type of fix income since neither of us will receive social security. Or Or should opt for the 10-year installments?
Any advices would be appreciated
•We both work for the state and there will be no social security incomes in retirement
•At retirement he will be 67 & I will be 65, no debts (house paid off).
• His projected value of retirement will be 1.8M to 2 M, of which 400K is in TIAA Traditional.
• My projected retirement accounts combined will be 800K to 1M.
• Our total retirement portfolio is appro. $2.8-3M.
• Currently our monthly expense is around $5000. Our household income is around $170K-$190K
We will retire in 4-5 yrs and just wonder if we should annuitize my husband’s entire TIAA tradition. so we can get a “pension” type of fix income since neither of us will receive social security. Or Or should opt for the 10-year installments?
Any advices would be appreciated
Statistics: Posted by bei22000 — Tue Dec 17, 2024 8:48 am — Replies 3 — Views 133