Is an annuity a good retirement option? My father (72) has ~$2,000,000 in retirement assets. For the last 12 years or so he’s had it invested in a mix of stock and bonds and been drawing ~60K per year. This has worked out pretty well and the principal has grown over that time. He’s looking at increasing his yearly income to ~$100K per year and considering other investment options. One…

retiring, need help with options: lump sum or annuity Made the decision to retire next January, so working to get all my ducks in a row, and now considering retirement benefit options. I’m wondering whether to take a lump sum of $500k or an annuity that pays $3.3k/month till I die and $2.5k/month to my spouse till they die if I go first. Also wondering what to do with the lump sum if I go that rout…

Insurance annuity Vs stock market I’m 62 this November, retiring in December 2023. $1.2M in “401”. I am being talked to by someone who is a fiduciary and wants me to roll the money over for a 7 yr locked annuity. (The Nassau Growth plan). No fees to roll over, manage or on withdrawals. Up to 10% allowed to be pulled a year. With the future being what it is, am I better off with …