Welcome to the Jill on Money Show. It's Tuesday, September 30th, and we are here answering financial questions. And boy, oh boy, do we have a lot of emails from all of you. So let's get going. Let's make sure we get through some of these emails. If you have a question and you're shy, you don't want to join us on the air. It's fine. Just go to jillonmoney.com, just hit that contact us button. It's in the upper right hand corner, write us a note. And if you don't want to come on the program, give us a lot of detail. That way, when we answer emails like we're going to do today, you have the information you need. So let's get this going. This is from Dan,

who's 57 years old, and he writes, I've got about $880,000 in 401k. About three quarters of it is

pre-tax, 20 and one quarter is Roth. And he also has $1.3 million in a standard brokerage account. Listen to this, Mark,

this is just like your situation. I'll likely be inheriting another $3 to $5 million in the next

five to 10 years or so. Okay, maybe that's not you. Dan's house is paid for. It's worth about $800,000.

No debts. He said, a Fidelity advisor is suggesting

that I purchase an immediate annuity with a 10-year payout to provide income to replace my

work income. I could, but I'm also thinking of putting that money into a dividend-paying fund instead.

There'll be less income and no guarantee, but the principal and the risk

are still mine, your thoughts. You know, it's interesting that he said he's retiring at age 57 right now,

so he's thinking, you know, not like in the future. I guess there's a part of me that's like,

okay, it's fine to have that annuity as long as I know about the money that is coming in, but how much of the money is going in?

Like if you have $880,000 that's in the 401K, are we talking like take that pre-tax money, put it in the immediate annuity because we'll

shoot out income to get that money out of the 401K, the pre-tax part, and then we know

you get it out before you inherit all this money? Because then I could almost get on board

with it because you have this other million dollars. But I think that the interesting,

complicating, but also beneficial part is that

you know you're going to have this money, this three, let's call it three, another three million

dollars in the next five to ten years. Most of this depends on how much money you actually spend

now. And you left that one little piece of information out. But if someone is saying an immediate

annuity, because it makes

sense to take, again, I don't think you should do an immediate annuity with your brokerage account.

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