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  • There is no true answer to your question without understanding how and the amount that you want to invest. However, if you want an idea what a $1,000,000 hybrid annuity would pay out after 4 years you can figure approximately $6,000 a month for life!

  • Login to rate this answer:   Answered on 2/18/2013
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  • The answer will depend on the amount you have invested and the rate of return you are receiving.

    The NewRetirement analysis suggests that you will begin to need to tap your principal as you age and health expenses increase. Sometime between the ages of 79 and 92 you could be out of savings. (Pessimistic assumptions have you out of money at age 79 and an optimistic forecast leaves your budget in the red at age 92.)

    If you are serious about guaranteeing your lifetime income, then a lifetime annuity can be a great way to insure that you can maintain your quality of life. Secure investments and continuous re balancing is another.

    Are you working with a financial advisor? We are happy to offer you a one on one consultation with a prescreened advisor in your zip code. You would have no obligation to work with this person, but could ask questions and get ideas.
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    We wish you all the best!

  • Login to rate this answer:   Answered on 2/18/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.