Annuities
Hi Terry,
I love you!! You are amazing. I am 78 years of age. My net worth is about $8.5 million. I am still working at a company I started 52 years ago with overall annual income about $600,000. Are you ok with me having about $3.6 million in 7 annuities (6 top rated companies) from which I get almost 5% on all of them totaling about $180,000 which is a part of the $600k in income? In the past I have taken some big hits in the markets so I am pretty risk averse and at 78 why? I still have a couple million in the markets. I have zero debt, no mortgages and a few very nice old cars I collect. I hear negative comments about annuities, but I think in my case they are productive and safe. Might you agree?
Terry Says
I have nothing against annuities — and own a couple myself, which I purchased years ago when I realized I’d have to own them to understand them! Like you, I now receive a check into my bank account every once in a while and I’m delighted at the “extra” money.
Sounds like you are in a great position. So enjoy your life and good health.
