Talk of The Villages Florida - View Single Post - Guaranteed Lifetime Income Annuity II- Help
Thread: Guaranteed Lifetime Income Annuity II- Help
View Single Post
 
Old 11-01-2023, 07:06 AM
gighilton gighilton is offline
Member
Join Date: Feb 2022
Posts: 43
Thanks: 0
Thanked 9 Times in 7 Posts
Default Why do this?
Quote:
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.
Take 265K and put in CD at 6%, which is available now, and make 1325 per month... and you don't lose control of your money! This annuity is a bet on your life expectancy!