Current Annuity Rates

I understand that the monthly distribution of an annuity would be less today than say a year ago due to low environmental interest that exists today.

Even if I wasn't 70 years, I wouldnt go anywhere near an annuity.

Make better use of your money and put it in fixed income investments such as U.S. Treasury bills and al ...

Remember these 2 rules as it relates to annuities ...

Annuities Rule No. 1 ----- do nothing other than the insurance company that issues of money ... PERIOD ....

Rule # 2 ... NEVER forget Rule No. 1 ....

All the responses I received to my question were very good and I appreciate the points of view. They have all been very helpful in my review of income! Lloydtj Flag

It depends on your current financial situation. If you are dangerously close as possible to exhaust your savings and then I take a look at what the payment is a month and see if it meets your needs. Prices for immediate annuities have more to do with annuitants age on current interest rates. the older you are, the more you receive per month when the contract begins. Also be careful. It is the difference between annuities and companies that offer them. Some have riders which allow the payment to adjust interest rates, some assurance that if the initial capital is not paid as income before death and then the rest is paid to beneficiaries and to others it Just keep it.
Hope this helps!

No, no and no.
Unless you really know what you are getting.
Annuities carry fees that can easily consume up to 5% of your money.
Be careful when you crooked financial advisers and remember they have familes to feed and make payments BMW.
Stay away from crooks.

Call Charles Schwab discount brokerage
Tell them that you are looking to rent a low-cost deposit monthly amounts directly in your control.

They will probably put you up a rent cd.
In other words, they take all your money and invest it in the cd that the monthly salary.
They scan every month and send you a check.
They want to know how much of your capital investment that you want to subscribe also.
At your age, you can subscribe to 4% safe.

They take care of you.
Be careful who you trust out there ......