$1 Million Decision: Annuity vs Portfolio — Which Actually Pays More?

Marty Becker goes head-to-head with the numbers: annuity vs portfolio, using a $1 million retirement as the test case. A 65-year-old couple needs $95,000/year in income, with Social Security covering $45,000 — leaving a $50,000 gap. This episode compares two ways to fill it: pulling the full gap from a traditional portfolio at a 5% withdrawal rate, or moving $400,000 into a guaranteed income annuity paying $29,750/year for life. The result is an honest, side-by-side look at what each path really means for a retiree's income and risk. This episode is for educational purposes only and is not a recommendation to buy or sell any securities.