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Investment for Monthly Income
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ShowMeMoney wrote: »We not talking about lump sums, are we?
The OP is talking about a lump sum.to locate the best current providers of a monthly income from a one off investment.0 -
Thanks guys, yes it is a one off investment, basically 75% of my life savings! My pension like a lot of peoples just didn't end up as I hoped and I need the extra monthly income to supplement it............as a total novice in the financial world I'm just trying to find the best deal.
Thanks for all your help......much appreciated
Jay0 -
Whats the risk ? YOU still get your income even if the capital runs out
No income risk but capital risk. 5 for life is underrated and given the current rates it could actually be a very good product to go into now for the long term. However, you do pay more in charges for those guarantees but if you want security, you should expect to pay for it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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