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Reverse Mortgage- why do one?
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Boone & Crockett
Posted 2/25/2021 17:42 (#8857915 - in reply to #8857899)
Subject: RE: Reverse Mortgage- why do one?


AGDEAL - 2/25/2021 17:33

Boone & Crockett - 2/25/2021 17:15

SWKS - 2/25/2021 16:41

So how much guaranteed monthly income would this annuity generate per $1million invested in it?
It will be age dependent, the older the annuitant, the more longevity credits they’ll earn. A male 70 years old, would be roughly $5833, a 75 year old around $8533. A 90 year old would be around $17,000. Interest rates are climbing, so these payouts are going to rise accordingly.



A month??? Where do those start age wise for the retire early crowd
59 1/2. Payouts be lower on those younger ages, due to less longevity credits. Still be a decent percentage of the income tax free though. The older you are, the higher the percentage becomes tax free.

Edited by Boone & Crockett 2/25/2021 17:57
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