Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Seniors

MLAA

(19,112 posts)

2. I recently took some money out of the stock market expecting chaos and put it in a 3 year annuity.

Reply to 3Hotdogs (Original post)

Sat Mar 22, 2025, 10:34 AM

Mar 22

NYL SECURE TERM MVA FIX ANN II
NEW YORK LIFE INSURANCE AND ANNUITY CORP

It pays 4.5 percent. You can withdraw 10% a year without penalty if needed. I’m sure there are many similar options, so I don’t mean to recommend this specific one only wanted to give an example. I would do it as soon as you can after selling as interest rates are expected to drop slightly going forward.

Good luck!

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

EverHopeful

16 replies

= new reply since forum marked as read

Highlight:

We're selling our house and anticipate $300k after the dust settles. -- Age 78 and 82. [View all] 3Hotdogs Mar 22 OP

Probably best to avoid the stock market for now DeeDeeNY Mar 22 #1

After we sell, we have SS and defined benefit pensions. 3Hotdogs Mar 22 #3

I recently took some money out of the stock market expecting chaos and put it in a 3 year annuity. MLAA Mar 22 #2

thoughts from anyone on T-Bills??? ret5hd Mar 22 #4

Our credit union, FDIC insured as long as Project 2025 keeps their hands off of that. Hope22 Mar 22 #5

Definitely don't want to be an alarmist but might want to check out Project 2025 on FDIC EverHopeful Mar 22 #6

I am currently doing a government money market fund anciano Mar 22 #7

Retirees need zero risk income producing investments. usonian Mar 22 #8

We went snowybirdie Mar 22 #9

CDs yield 4.35% for 1-3 months and down to 4.15% 5 years out. surfered Mar 22 #10

This message was self-deleted by its author surfered Mar 22 #11

In a similar position Bmoboy Mar 23 #12

Essentials - $2,800 keeps the lights on, buys groceries, puts gas in the cars, 3Hotdogs Mar 23 #13

CLIP is an ETF that indexes 3 and 6-month T-bills. Pays 4.97% GreatGazoo Mar 24 #14

Thx. I like the CLIP idea. 3Hotdogs Mar 24 #15

E-Trade, Schwab, all the usual ones GreatGazoo Mar 24 #16