Where to put money from a Matured Annuity at age 72
Hi Terry, I’m 72 my wife is 70 and we have 200 K in Allianz matured Annuities. We don’t want to lock in for another 10 years, and want to avoid market volatility (been there done that).
We also have funds invested thru Ed’.Jones .
Terry Says
Whew — I don’t know what your options are for that specific annuity, but if you can keep growing the money tax-deferred, that would be a good idea. Maybe it’s time to switch directly to an annuity that works like a CD inside an insurance contract. Your broker won’t show that to you since there is no commission in it. I suggest you immediately talk to someone at
StantheAnnuityMan.com to get good, unbiased advice on how to extend your tax-deferral with reasonable short-term liquidity.
