Investing lump sum as an monthly income
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olenolin
Apprentice
Joined: 18 Dec 2005
Posts: 6
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 Posted: 05/07/08 - 08:07 Post subject: |
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| Hallo everybody. My retirement is closing down and I have some lumping sum. I know that I m going to spend all that money. I was wondering what can I do with that lump sum? Is there any way to brake down that sum in smaller amounts and to see it coming back to me every month? Is there anyone with experience like this one? |
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matthaeus
Apprentice
Joined: 30 Sep 2006
Posts: 5
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| Posted: 06/05/08 - 22:31 Post subject: |
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| Yes. I know what you can do. That is an annuity, something like life insurance policy. That is the very simple way to secure yourself. If you have lump sum and you dont wont spend that money you can invest all that sum , and in the other time before your retirement you can put when you have extra. After that when time came to go to retirement you can split all that many and bank will paying you every month until you are enjoying your retirement. |
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