Reported 8 months ago
Before considering buying an annuity for retirement, it's crucial to understand how much monthly income it can provide. An annuity involves paying premiums to an insurance company in exchange for future payments. The amount a $300,000 annuity pays per month depends on factors like age, type of annuity, when withdrawals start, and beneficiaries. An annuity calculator can help estimate income levels. Consulting a financial advisor can assist in incorporating annuities into a retirement plan and assessing income needs.
Source: YAHOO