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Started By
Message
Sell me an annuity
Posted on 3/11/18 at 11:13 am
Posted on 3/11/18 at 11:13 am
How much do I have to put in a month for the next ten years in order to pull out 1000 a month for the following 20 years?
Fixed rate, not variable, guaranteed return...
Fixed rate, not variable, guaranteed return...
3
Posted on 3/11/18 at 12:02 pm to deeprig9
Well first, unless I’m mistaken, fixed annuities don’t work like that.
You put down a lump sum now and let it defer (or not, if you just want your retirement to be simple)
You would need to put like 139000 down now to get 1000 a month for 20 years starting 10 years from now.
If you did find some place that allowed you to pay into it month by month.....
It’ll be like >1900/month
You put down a lump sum now and let it defer (or not, if you just want your retirement to be simple)
You would need to put like 139000 down now to get 1000 a month for 20 years starting 10 years from now.
If you did find some place that allowed you to pay into it month by month.....
It’ll be like >1900/month
This post was edited on 3/11/18 at 12:25 pm
Posted on 3/11/18 at 8:01 pm to deeprig9
There's no such thing as a free lunch
Any further questions?
Any further questions?
Posted on 3/11/18 at 9:43 pm to deeprig9
Met Life has always been a 5-star insurance company.
They were the gold standard in annuities.
Now it's Brighthouse Financial.
Looks like Met Life doesn't want their good name associated with annuities any longer.
They were the gold standard in annuities.
Now it's Brighthouse Financial.
Looks like Met Life doesn't want their good name associated with annuities any longer.
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