Annuity
I currently have an annuity that has a balance of 165,000. It is getting a 5.65% rate. It’s a 3 year fixed rate due 12/2027. I am 66 and have a nice pension along with my social security. My wife still works and she is 64 and carrying us both on her health insurance. I also have an Equitable account with approx.300,000 in it. It also will be due 12/2027. I want to make a large purchase as was wondering what would make the most sense to pay for a nice vehicle. Also what to do with one or both of the accounts after 12/27? Thank you. Terry
Terry Says
Well, you didn’t explain what kind of “Equitable account.” So I can’t make up a recommendation about that. But don’t touch that annuity with the 5.65% rate. It’s a treasure. If you want to write back with more specifics, I can advise.
But if it is another fixed-rate annuity, I would suggest postponing the car purchase!
