I'm 68 and will soon receive a nice inheritance. Is a Roth IRA the best place to put this? What else should I explore?
I purchased an annuity that will pay $5,500 per month until I am 99yrs old. The surviving spouse will claim a death benefit if I do not use up the full annuity amount. I know it was expensive and I did toss out some cash to buy it but since I already have stocks, property, bonds, savings and no bills...why not spend a little on peace of mind
"I purchased an annuity that will pay $5,500 per month until I am 99yrs old"If I may be nosy, what was your up-front cost to secure that?Norm(freshly retired)
My estimate, depending on your age, and whether it's one or two annuitants, is roughly 900K. Am I close?Notm
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