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https://boards.fool.com/i-hate-to-mention-the-word-annuity-around-here-34556847.aspx
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| Subject: Re: Historical Payouts on Annuities | Date: 7/10/2020 7:57 PM | |
| Author: CountNoCount | Number: 98914 of 101513 | |
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I hate to mention the word annuity around here but is there any historical data as to the payouts of a fixed immediate annuity ? Here is one data point. We bought an American Legacy variable annuity, I believe in February of 1997. (Don't hold me to that - may have been earlier.) Paid $40,000. As chance would have it, we got our quarterly statement today. We took no cash out initially. By February 2008 we were receiving $389 a month. (I don't remember when payments actually started.) Here is what our new statement says: current value is $92,772. current withdrawal: $366.16 per month (Varies with the investments backing the annuity.) total withdrawals: $60,848.91 Guaranteed income: $3,355 per year until the Countess departs this vale of tears. We are satisfied. CNC ... Note that this is not a fixed annuity, nor was it immediate. |
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