Kayzmum
Recycles dryer sheets
- Joined
- Oct 27, 2017
- Messages
- 86
My husband bought a MetLife annuity/life insurance policy about 40 years ago that guarantees 4% interest. He's 69 and retired. I'm 59 and working full time and putting money into 401Ks and 403Bs. Since I'm getting close to retirement age, possibly at 62, I'm thinking about putting some of my investments into this annuity since it's guaranteed 4%. He will have to start withdrawing from it at 74, but I could just reinvest that somewhere else when the time comes. I'm the sole beneficiary. I'm thinking it's a safe place to get 4% interest.
Can anyone think of a reason why this wouldn't be a good idea?
Any advice is appreciated.
Can anyone think of a reason why this wouldn't be a good idea?
Any advice is appreciated.