Annuities # 4

I’m Miriam  Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money M We love to help you learn.  Given our uncertainties financially, some folks near retirement consider buying an annuity.  Purchasing insurance that guarantees an annual income.

 V  Lets look at the numbers.  Today, for example, $100,000 would get a 65-year-old man about $525 a month in lifetime income, while that amount would generate roughly $490 a month for a 65-year-old woman.  Women live longer.  You give up all access to that $100,000.  Its never a good idea to give up all or even most to any one investment.  Emergencies happen.  Remember, it is no longer yours.

 M Thinking it through is a great time to consider your values, life style priorities what matters.  You may have different wishes in those later, maybe leaner years.

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