Quote:
Originally Posted by Bill14564
13 years looks to be simple division: 275,000/(12*1,675)=13 years, 8 months
5% interest is available today but it was not last year. Is your crystal ball good enough to be sure it will be available next year?
Even if 5% is sustained it only turns 13 years into about 17 years.
What if the OP celebrates his 90th birthday? With the fixed annuity he will see a check for $1,675; with 5% sustained he will be out of luck.
|
$375,000 is simple math too.
The OP has $265k.
Mine was a simple example to show the OP.....a 13 year breakeven is BS.
The OP can use LT US Bonds for the 5%.............I was not giving him/her investment advice.