Annuities
Not sure what to do about annuities. My wife and I have 2 annuities each. We have them through work in previous jobs. We are both retired (although I do some consulting)and have a small income). Mostly to keep busy.My question is should we convert those accounts to something that
pays us on a regular basis? Our combined S.S. and pensions total approximately. 15K a month and we are living comfortably. We are both 75 years old in pretty good health. Just not sure the rule of thumb as to what to expect and do (if anything) with the annuities, Thank you for your guidance.
Terry Says
You haven’t told me what kind of annuities you own. Do you know? Are these annuities linked to some kind of stock index?
Different advice applies, depending on the internal costs, the potential surrender fees, the amount allowed to be either withdrawn or transferred into another product.
There is only one place I know you can get trusted advice on what to do with these annuities, depending on the specifics and upon your own financial and tax situation. Go to: https://www.stantheannuityman.com/
Set up an appointment to talk by phone, and have all your annuity documents in front of you. They aren’t going to try to sell you another product with more fees and surrender charge. Tell Stan I sent you! (Or not, as I get nothing out of this recommendation.)
