Annuity Advisor’s $1.5M Proposal: Good Advice or Risky Move?
Los Angeles, CA – A reader inquired about advice regarding their retirement planning with a substantial amount of funds in 401(k) and IRA accounts. At the age of 73, the reader is contemplating whether to follow a financial planner’s suggestion to invest $1.5 million in annuities and allocate $1 million in stocks and bonds. They seek guidance on whether this is a sound strategy for their financial future. Retirement income planning can be a complex …