annuity

Jean Chatzky’s new book lays out several strategies for creating steady retirement income.

Q. I am 46 years old and live in Edmonton. I currently have $10,000 saved for emergencies and no money invested. Three years ago, I was involved in a car…

“My understanding is that they have five years to withdraw the money.”

“He believes the annuity will net $1,600 per month, the same as the rent from the house.”