First time post here. I've started working toward FI in the last 6 months or so, and have put approximately $20k into taxable investments, all into VTSAX. Currently age 32, plan to reach FI in 12-15 years.
I would like to work towards 80/20 AA over the next couple of years and was thinking based on information I've read on MMM, as well as other sites, that I would start adding in some VBTLX.
My great grandmother opened an annuity for all of her great grandchildren in 2000 while I was still in HS, for around $1,000 and this has grown to around $2,000 right now. I have never touched the account, as until recently I didn't completely understand what it was. It is a flexible premium deferred annuity from Modern Woodmen and has a guaranteed interest rate of 4%, which could go up if interest rates rise. I believe that it was something like 4.35% in the early 2000s. My question being, is there any advantages to putting some of the money that I would put into VBTLX into this annuity? I may not totally understand how this annuity works, but I think I could take guaranteed payouts for life at some point or make withdrawals after 59.5 y.o. and likely pay taxes on the interest.