Skip to main content
No. of Recommendations: 0
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.
Print the post  

Announcements

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.