Personal Finance and Investing

I have a couple of them, purchased about two years ago. I will probably start taking money from them in three to five more years.

Mine both have a guaranteed payout for the rest of my life, so I can't outlive that money. Once I start collecting, the amount I can collect is then fixed for life.

I have just turned 65.

As with so many things, there are an infinite number of variables relating to your age, when you start collecting, what sort of interest rate they guarantee and a host of other things.

I suppose you could also do research on-line, but I wonder if the public library might be a slightly better source.

Oh. Probably the most important advice will be that you NOT invest every penny into an annuity.