Jul 18
My brother-in-law passed away last year and the last thing he did before dying was to purchase a Single Premium Immediate Annuity, This was a very smart thing for him to do as my sister cannot hang on to money. She gives every dime she has to family members and then she’s broke. He didn’t want her to spend his life savings in this manner. Now she gets a monthly check that is just enough to cover their house payment. With her social security and her retirement, she has plenty of money to live on after paying the bills. I’m glad he did this as my husband and I were worried we would be stuck with her.
