I had asked for help a while back regarding Annuity Accounts and thanks to everyone, we didn't do it. Now the financial person at our bank (Chase) talked us into putting (what's left) of our 401 into a Bond Fund which will pay a fixed amount each month. There is a upfront, one time fee of $7,400.00. We will receive $2,100.00 a month.
Again, I'm asking for advice. We need to find something which will generate dividends to live on as we lost so much money with the market crash. CD's and money-markets are paying hardly anything. My husband is semi-retired, in his 70's.