The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Investing $ needed over the next 10 years||Date: 1/11/2013 11:34 AM|
|Author: intercst||Number: 71240 of 75383|
I would consider a single premium immediate annuity with a period certain of 10 years.
I just ran a search on one with an inflation rider on it (payments increase 4% every year to give you increased income) and the rate came back at 2.21%. Your current age will have an impact on your rate and payments.
Why would the annuitant's age matter with a period certain annuity? If you die after year 5, wouldn't your estate get the remaining payments?
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|