Based on the retirement income of $4,000 a month and the desire to invest $200,000 in an annuity, it may be a wise decision. An annuity can provide a guaranteed income stream in retirement, which can supplement your existing income. However, it is important to carefully consider the terms of the annuity, such as the interest rate, fees, and payout options, to ensure it aligns with your financial goals and needs. Consulting with a financial advisor can help you make an informed decision.

Reported 6 months ago

A couple, aged 70 and 63 and with a combined monthly income of $4,000, are considering investing $200,000 in an annuity that would cover both of them. They seek to understand the monthly disbursement and processing time for this investment. An expert advises that annuities can boost retirement income, but caution is needed to ensure it aligns with their financial goals and needs. They are advised to evaluate their current and future income needs, consider other investment options, and thoroughly research and vet the annuity providers and financial advisers before making a decision.

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