Talk of The Villages Florida - View Single Post - Guaranteed Lifetime Income Annuity II- Help
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Old 11-02-2023, 08:02 PM
JRcorvette JRcorvette is offline
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Default Be very careful

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.
Read all the Small Print…. Many of these will pay until you die and then whatever is left the Company gets to keep. Very risky in my opinion. Go talk to Greg Parady first… he will give you honest advice.