Thread: Guaranteed Lifetime Income Annuity II- Help
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Old 10-31-2023, 04:15 PM
Eg_cruz Eg_cruz is offline
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Originally Posted by Bobnfl View Post
Our adviser is suggesting a Guaranteed Annuity for some extra monthly income. Please inform me of the pros and cons. $265k for a $1675 monthly income for life. Break even is at 13yrs. Is it worth it. It is with a AA+ rated company. There are no fees but once invested there is no refund or backing out. You have it for life. We are now 70yo. 3 years from RMD. Help us make a decision
Thanks for any help you can give.
Don’t do it
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