Skip to main content
No. of Recommendations: 0
Greetings, Cgunthor, and welcome. You asked:.

I have been very interested in the comments about annuities, and would appreciate some advice. I am 69 years old, and retired this year. I have about 200K+ in Merrill Lynch and separate discount brokers, and am looking for monthly income. I am alone with many friends but no surviving family, so there is no inheritances to worry about.

I am looking at annuities hard, altho I will keep some funds in the equities stock market. I would appreciate any advice. Do annuities make sense for me?

With no heirs or family, then an annuity may be appropriate provided you keep the equities as inflation protection. The longer you live, the less purchasing power the annuity will provide. The equities will help offset that loss. Also, someone mentioned a charitable remainder trust. That, too, is worth looking investigation. You can still receive a "guaranteed" lifetime income and will have the pleasure of doing something good besides.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.