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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.

If you do not want to manage your money or feel that later on you will not be able to then annuities maybe of interest. Your background statement implies that you would like to spend all of your money befor you die, but then you do not want to outlive your funds. An annuity can be set up to pay an income for life with no death benefit. Looks like two plus reasons so far. The downside is inflation. a fixed monthly payment today that meets your needs will not meet your needs later on. You will need to solve this problem. Looks like an annuity for part of your money maybe ok. Shop arroud for the best deal.
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