Wednesday, September 26, 2007

Earn $2,000 monthly after retirement

Dear Mr Tan

I will be retiring soon. My insurance policies will mature in Sep 2008. It's about $300,000. Where do I put my money so that I can get a regular income of around $2,000.

MY REPLY:

See if this FAQ gives you the answers?

FAQ1
FAQ2
FAQ3
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1 comment:

Anonymous said...

If you buy an immediate annuity you get about $15K per year with $300K investment. If you are 55 now and you wish to recieve payout at 62 the yearly annuity payout is about $20K.
The life annuity is a participating type with refund.
A more flexible and naive approach will be to invest half in annuity and half in a broadly diversified portfolio. This approach helps to take care of inflation.You may get more.You can can arrange the draw down amount and frequency with the administrator of the fund.
Seek a qualified adviser to work out the details and help design the plan.
(Disclaimer: I am NOT responding on behalf of Mr. Tan) Mr. Tan is the best consultant.

September 26, 2007 2:14 PM

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