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My mother, 76 years old, just sold her house and moved into a senior living apartment type of thing.

She has $185K from the sale of her house, $55K in other savings, and that is it. She needs to generate some income to make her rent, and has been approached by several annuity sellers. But they don't want to give her details until she is ready to plunk down her cash.

Q. What kind of interest can she expect from a lifetime annuity of $200k?

Q. Anyone know if she would be better off if she just bought a 10-year instrument?


Alaska Steve
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