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I have read this artcle a while back, which gave me pause, however they are obviously still in the annuity business.
Point made on your part.

Defined contribution plan thru my employer is administered by Fidelity. I am almost 64 years old and plan to retire in 11 months. Current balance of $900K is split as follows: VITNX 43.50% VWENX 4.00% TIAA-CREF GUARANTEED 52.5% Within the latest group of offerings is another stable value fund, Hartf...

You need to remember that buying an annuity with a large amount like you're suggesting is very risky, since the lifetime payments depend entirely on the financial stability of one insurance company. While states have a system in place to help rescue owners of failed insurance companies, their cover...

You need to remember that buying an annuity with a large amount like you're suggesting is very risky, since the lifetime payments depend entirely on the financial stability of one insurance company. While states have a system in place to help rescue owners of failed insurance companies, their cover...

We need the right number. If the the payout is $6.55/thousand per month that would amount to about 8%. The rate looks about right for something that might have been negotiated / contracted some time ago. I am looking at an annuity table from around 2000 that shows $5.05/month for joint and last sur...

Thanks for the advice. Makes sense.

Yes, approximately $6.55/ per thousand invested per year based on my age and the age of my wife.
If I die the amount is cut in half for my wife.
When we both die, no principle remains.

In 8 months I will be retiring at age 64 years, eight months. I will have around 950K in my employers defined contribution plan, invested as follows: Vanguard Total Stock Market Index- 50% TIAA Creff Fixed Annuity------------- 40% (3% minimum guarantee, can move in and out at will) V. Wellington----...

On July 8th I moved the 35% of my potfolio I had in equities to TIAA fixed annuity which for me is a vehicle I can move in and out of. So I'm up a small amount overall however since it's all paper loses or gains it probably would be smart to jump right back in at 35% equities to lock in my 'luck'. T...