Money and Me: Get a monthly payout for life from age 42?

About this episode

The episode discusses the benefits and considerations of investing in annuities for a guaranteed monthly payout.

Imagine a few thousand consistently deposited into your account, every month for life! Our guest received a letter reminding him this financial instrument he chose 5 years ago, came to fruition with a sweet four figure gain. Listen to this episode to hear how to figure out if putting money in annuity is a smart move. How much can you expect monthly? What are the range of riders involved? What's guaranteed and what's not? How does this financial instrument compare with buying a REIT, ETF or topping up your SRS?  Michelle Martin finds out with Phillip Securities' Elijah Lee. See omnystudio.com/listener for privacy information.

People in this episode

Host: Michelle Martin

Guest: Elijah Lee

Topics covered

• annuity
• financial planning
• monthly payout
• investment comparison
• retirement planning

Keywords

• annuity
• monthly payout
• financial instrument
• investment
• REIT
• ETF
• SRS

Mentioned in this episode

Organizations: Phillip Securities

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