So random thought but if have $2m today and an age 39. Annuity calculators say I could buy an annuity with joint life and 20 year certain payout to start paying in 10 years with monthly payments of $15,403 and $3.7m minimum payment.
We currently spend about $15k a month but that includes daycare for 1 child at $2k a month. It seems like I could buy annuities and what ever I save between now and 10 years would just be gravy. What am I missing?
We currently spend about $15k a month but that includes daycare for 1 child at $2k a month. It seems like I could buy annuities and what ever I save between now and 10 years would just be gravy. What am I missing?
Statistics: Posted by Bb073084 — Mon Apr 01, 2024 12:11 pm — Replies 4 — Views 226