January 17, 2008
Posted by jmetzger
I am 59 and am 7 years into a variable annuity that is guaranteed to double at 10 years. At annuitization, the payout is 2.5%. Should I keep it?
The initial investment into the annuity was about $487,000 and the current value is $687,693. It has been as high as $730K.
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