You have a client age 63, Tom Sharp, who recently retired and has a nest egg of 2.5 million USD. Tom is considering purchase of an annuity to provide him with a lifetime of income. Tom approaches you and asks if he should purchase an annuity. What further information would you need from Tom to help you better evaluate whether he is a good candidate for a retirement annuity?

Answer rating: 100% (QA)

To better evaluate whether Tom is a good candidate for a retirement annuity there are several pieces of information you would need from him These incl... View the full answer