I am a 57 year old married male. I recently had to take an early retirement due to a sudden disability. My new monthly income will be a pension($2400), SSDI ($2400).This alone will not allow me to meet my expenses. I also have a annuity fund thru the IUOE ( New York Life) of $850K, which is doing terribly ,less than 1% earnings. I also have cash assets of $100K in a savings account.
My children are grown and out of the house,I have about $30K left on my morgage,a $600 truck payment ,etc.
All I am really looking for is help as to where I could rollover my $850K where I could safely realize 4% on my money that would help on my monthly income and leave a little room for new growth. Any advice would be appreciated. Thanks again Lacawac.
My children are grown and out of the house,I have about $30K left on my morgage,a $600 truck payment ,etc.
All I am really looking for is help as to where I could rollover my $850K where I could safely realize 4% on my money that would help on my monthly income and leave a little room for new growth. Any advice would be appreciated. Thanks again Lacawac.