Reported 2 months ago
This article discusses how much money a $50,000 annuity can provide monthly, outlining factors that influence payouts such as age, type of annuity, interest rates, and the payout period. For a 65-year-old, immediate annuities typically pay between $300 to $320 per month. Annuities can be a secure option, especially for those nearing retirement concerned about outliving their savings, but it's essential to research and consult with a financial advisor before making decisions.
Source: YAHOO