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Message
Does anyone have a Silac Denali annuity .
Posted on 7/29/23 at 2:18 pm
Posted on 7/29/23 at 2:18 pm
I am 60, when my company got bought out i tranferred roughly 500, 000 in a Silac Denali annuity. Would it be best if i started drawing the 5 % after one year or wait. It a 10 year plan.
3
Posted on 7/29/23 at 3:20 pm to tigerfan63
quote:
I am 60
quote:
It a 10 year plan.
Posted on 7/29/23 at 6:09 pm to tigerfan63
If you need or want the withdrawal, yes. You could use it for a mortgage payment on a rental property?
Posted on 7/29/23 at 7:30 pm to BestBanker
But if i dont need it now, i guess that just more i would get later, right ?
Posted on 7/30/23 at 9:24 am to tigerfan63
Yes
Posted on 7/30/23 at 3:59 pm to tigerfan63
Quick question, you put $500,000 in one annuity?
Another question if you answered yes above, why did you listen to someone that recommended you to put $500,000 in one annuity?
I like annuities and understand their purpose but this is tough
Another question if you answered yes above, why did you listen to someone that recommended you to put $500,000 in one annuity?
I like annuities and understand their purpose but this is tough
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