Gift Annuity

Terry Says

It’s just a way for them to get money when you die! Basically, you get an income, and any balance left goes to them.
This is a strategy used by very wealth people, or by people who want to make sure they “don’t run out of money” during their lifetime.
But being locked into a fixed monthly payment can be a mistake — unless you have lots of other assets. You might need the principal, for example, to pay for long-term care or another expense.

Speak with a fee-only FIDUCIARY planner to see how this should or should not fit into your long term retirement income plan.
Read this: https://www.terrysavage.com/pam-krueger-wealthramp/
It’s the only way I know you can find a trusted planner who puts your interests first!