Annuity - is this a stupid idea?

NoMore

Bostonerimus1 said:

Kismet_Hardy said:

Dazed_and_C0nfused and Najan49 - your conversation demonstrates why many of us find it so difficult to navigate these matters - so thank you for your help. I don't understand gilts and, when push comes to shove, I'll probably take the advice of our IFA.    

How much income do you actually need? How much of your required income is covered by your existing state pension and DB pensions? Given your fairly large guaranteed income from these guaranteed sources you should consider leaving the TFLS in the DC pension and just leaving the DC pension to grow over time and plan for drawdown and leaving an inheritance.

Did you forget you already said this on the very first reply of this thread ?

Bostonerimus1

NoMore said:

Bostonerimus1 said:

Kismet_Hardy said:

Dazed_and_C0nfused and Najan49 - your conversation demonstrates why many of us find it so difficult to navigate these matters - so thank you for your help. I don't understand gilts and, when push comes to shove, I'll probably take the advice of our IFA.    

How much income do you actually need? How much of your required income is covered by your existing state pension and DB pensions? Given your fairly large guaranteed income from these guaranteed sources you should consider leaving the TFLS in the DC pension and just leaving the DC pension to grow over time and plan for drawdown and leaving an inheritance.

Did you forget you already said this on the very first reply of this thread ?

Nope, just reiterating in hope of an answer that might help the OP.