1 - Do you not trust your advisor? If this individual is confusing you or giving you a high pressure sales pitch that you do not like, find another person or tell your advisor you are not happy.
2 - Why are you asking total strangers for financial advice? Would you go up to random people walking around and ask them what you should do with your money? Talk of The Villages participation does not guarantee knowledge and, as can be seen in the variety of opinions, can be very confusing.
Quote:
Originally Posted by Bobnfl
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.
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