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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.

Regards….Pixy
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