I am helping a friend with her retirement portfolio. She is 65 has SS, Medicare, and a retirement fund. An annual withdrawal of the usual 3-4% of the fund is not a large enough supplement to her SS for her income needs. But annuitizing (immediate life) about a 1/3 of her retirement fund would bring her income up to what she needs.I checked Vanguard and the payout is about 8.2% which seems pretty good to me. I haven't dealt with annuities before but I am aware of the objections over the fees and expenses associated with them. However, in this case I don't see any way she will have the necessary income without it. I realize that the annuity is not inflation protected, but the remaining 75% of her income is inflation indexed. She understands this, but wants the higher income now while she can still travel and so on.I am nervous, though, committing a 1/3 of her portfolio for this, particularly, in these times. Anybody with experience with annuities?Thanks,JG
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