First time poster here. The stats: Me = 55 yo, employed making $37K/yr. Husband = 60 yo, self employed making ~$40K/yr. No debt other than $158,000 left on mortgage at 4%. We're on the fast track to paying it off in 33 payments. $490,000 in various 401K, SEP, Simple, Annuities. Plus, $70,000 in cash sitting in a Money Market account. We always looked at the Money Market Account as our emergency fund, but now feel it is too fat and needs to be working for us in a better way.
Back in the mid-2000's my husband and I got into five different annuities not really knowing how they worked. Over the years, we essentially ignored them as they were growing decently. A salesperson from Merrill Lynch sat down with us recently and pointed out that the one annuity was at a 4% ER. The others weren't "too bad".
Now that we understand these things a little better, we have decided that we really don't like them much and want to do something else. The Merrill Lynch man is more than happy to help us with this.
Looking for any ideas for what to do with the annuities and what to do with the Money Market. PS: I desparately want to quit and do side-hustles.
