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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (16482)	8/5/2013 5:47:50 PM
From: Kip S	of 34328

I'm not much of a fan of annuities, but it seems like one might be a good solution for your truck driver buddy (as Bread Upon the Water suggested), assuming your buddy has a decent life expectancy and is not concerned with leaving a "nest egg' to anyone. Low interest rates really hurt fixed annuities, which are not a great deal to begin with, IMO, but I would expect your friend, at 67, could get $500 or more a month for life out of his $100k were he to purchase an annuity. Inflation protection is often available, but it reduces the monthly payment a fair amount. If your buddy has serious health problems or other reasons he does not have a normal life expectancy, then an annuity is not such a great idea. Absenting that, it might be OK for him.

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