Welcome to the Better Off Bonus Call of the Week.

I'm your host Jill Schlesinger.

We've been getting great feedback from you,

and if you've got a financial question, we want to hear from you. We want to get your voice on this

podcast. Other people learn so much from you. And whatever you're thinking, there's thousands

of others who are thinking the exact same thing

so be brave do it come on send us an email ask Jill at better off podcast

come we'll arrange to get you on the air and don't forget this Thursday we'll have a brand new episode of

Better off sponsored by Betterment. And now let's get to the call. It's

Karen who's on the line from Kentucky. Hi Karen, what can we do for you?

I've got a question about if you're familiar with

a single purchase longevity annuity. Yes of course. Okay and can you give me your fill on that?

Sure, tell me a little bit about your life and how this could or could not work for you.

So what's going on for you?

Are you retired right now? I'm 63 and yes I just

retired a few months ago. Okay. I've got other RAs since I've retired I do get a pension so you know I'm okay financially okay

with all that paid off my home and I don't have any bills per se and I just where I had worked I had a

hour a so I have a sum of money there and that's what I was trying to figure out what's the best

option. But you don't need income in other words you said you're good right?

Okay so here's the thing I think that I get a bad rap on annuities because everyone says, you hate annuities.

I mean, I don't hate them across the board.

I think that they're awfully expensive.

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