Annuity disbursment question

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edsel59
Posts: 1
Joined: Sun Oct 07, 2018 11:06 am

Annuity disbursment question

Post by edsel59 » Sun Oct 07, 2018 11:31 am

I would like some advice.
I'm 71 wife 67 two annuities (appx: $ 140) (MDA on mine).
Options: #1 Take annual funds in future- There is 7% "bonus" for funds not withdrawn per annv. year)
#2 10% withdrawal without penalty per year. Total funds withdrawn in 10 years.
#3 Take lump sum withdrawal (appx $ 30 penalty).
#4 Other options?
#5 Pay for Financial advice.
We have Roth IRA with Vanguard ($6).
Don't need funds at this time but would like to travel.
Any help would be appreciated.

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