Yahoo Finance
•69% Informative
If you buy a $1 million annuity at 65 years old and begin taking payments immediately, you can expect to receive anywhere from $4,700 to $6,000 per month for the rest of your life.
The amount you collect from an annuity depends on when you invest, the return your specific annuity offers and the details of your particular contract.
An annuity is a contract that issues you a regular payment over a fixed period of years .
They’re most often used in retirement, as products that give you money each month for the rest of your life.
Annuities offer comparatively low returns relative to other investments.
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long-living
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