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 11-02-2023, 10:39 AM
Karmanng Karmanng is offline
Senior Member
Join Date: Sep 2022
Posts: 246
Thanks: 501
Thanked 80 Times in 49 Posts
Default
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.
I would not do it.........you can get the same $$ from didvidend stocks, or any tax free mutual funds like Franklin tax free or even Cd and tie up your money with them for a few months at a time while rates are high........