How Much Annuity Income Can You Buy with $100,000?
How does some guaranteed income for the rest of your life sound?
How Much Annuity Income Can You Buy with $100,000?
Overview
As you plan for your retirement, figuring out how you'll get the income you need, be sure to at least look into and consider annuities. Social Security benefits may be great, but they're not huge -- the average monthly retirement benefit, as of April, was just $2,081, or about $25,000 annually.
Withdrawals and dividends from investment accounts are also great, but the stock market will swoon every now and then, and some stocks simply lose ground over time instead of gaining it -- potentially also canceling dividend payments along the way.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
