I was reading the book "The Number" by Lee Eisenberg which talks about all things retirement and it helped connect a short video I watched months earlier on youtube about how a guy made an offhand comment that putting "3 mill into an annuity and your set for life" was a possible end game. I was wondering what people thought about immediate annuties as a way to secure payments for the rest of ones life. I did some math (correctly I hope) and assuming that you had a lump sum of $2,000,000...
Immediate annuities for lifelong payments
from Immediate annuities for lifelong payments
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