Reported 30 days ago
Investing in a $1 million annuity could yield monthly payouts ranging from $6,000 to $7,000, influenced by factors like the timing of payments, interest rates, and the type of annuity chosen. Those who begin receiving payments later in life might see higher disbursements due to a shorter expected lifespan. It is crucial to consider personalized quotes and understand the various annuity forms—immediate, deferred, fixed, and variable—and how they align with individual financial goals. Additionally, age at purchase and life expectancy play significant roles in determining payment amounts.
Source: YAHOO