Annuity - good or bad
My wife is retiring this year from teaching in Missouri. The have a great retirement system. A gentleman from a company called Ameritime stop by Saturday and presented a program where instead of just getting a monthly benefit from the state retirement system, we would pull some of the value out in a lump sum and invest in a fixed annuity with a smaller monthly from the system. In the past I was not a fan of annuities, but have time changes? Still have a question whether this is a good thing or not. He stated he could get a 6% annual disbursement. I believe that very high. Help!
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