• Question
  • Ms McGuire

    Asked by someone from Knoxville, TN on 4/19/2016

    If I invested $200,000 in annuities and receive 11% for 11 yrs monthly then it stopped then what happened to my $200,000 ?

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  • Categories: How to Choose, Annuities

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Some Annuities are Term Annuities - they pay out a stream of income for a fixed amount of time - ex. 10 years. The original investment is consumed during the payout of the of the annuity.

    You can read more here: https://www.newretirement.com/Services/Annuities_How_To_Evaluate.aspx

    You can try our Annuity Suitability Test here: https://www.newretirement.com/annuity-suitability-test.aspx

    You can estimate what you might get from an annuity here: https://www.newretirement.com/Services/Annuity_Calculator.aspx

  • Login to rate this answer:   Answered on 4/27/2016
**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.