Dien Rice
April 3, 2017, 01:10 AM
This means his 100K would be worth 145K in three years if he decides to annuitize ( take a monthly check). This makes his monthly check 45% higher than it would be if he merely annuitized the 100K.
Hi Tom,
I'm not used to annuity type calculations...
If he puts in $100K and gets $145K in 3 years, by my calculation that is a return of around 13% per year. Is that right?
Not sure if I'm understanding it right... :)
Best wishes,
Dien
Hi Tom,
I'm not used to annuity type calculations...
If he puts in $100K and gets $145K in 3 years, by my calculation that is a return of around 13% per year. Is that right?
Not sure if I'm understanding it right... :)
Best wishes,
Dien
