M
MDS41951
Guest
Me. 60, unemployed as of 3 weeks ago. Unemployment for next year at $585.00 a week. SS at 62 should be around $1300.00
Spouse. 64, retired (due to health). SS at $900.00 and small pension at $300.00 per month for $1200.00
Together when I hit 62 we'll have $2500.00 a month income.
House is paid. No debt!
We have 127k in savings. I'm am considering investing in an immediate annuity getting $600.00 a month for the next 25 yrs or $500.00 a month for life.
This would bring total income to about $3100.00 a month or $37000.00 a year.
Current expenses are $1700.00 a month which includes health insurance, medications, living expenses, taxes.......
Is anyone currently experiencing this type of income and are you living well?
Anyone have any suggestions?
Spouse. 64, retired (due to health). SS at $900.00 and small pension at $300.00 per month for $1200.00
Together when I hit 62 we'll have $2500.00 a month income.
House is paid. No debt!
We have 127k in savings. I'm am considering investing in an immediate annuity getting $600.00 a month for the next 25 yrs or $500.00 a month for life.
This would bring total income to about $3100.00 a month or $37000.00 a year.
Current expenses are $1700.00 a month which includes health insurance, medications, living expenses, taxes.......
Is anyone currently experiencing this type of income and are you living well?
Anyone have any suggestions?