How much guaranteed retirement income do you need?

How much guaranteed retirement income do you need?

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I’m looking to retire soon and a financial adviser wants me to invest half of my $700,000 401(k) balance in an annuity. I’m wary of doing that as the annuity’s annual fees total almost 3% and I’m also already eligible for a combined Social Security and pension benefit of $70,000 a year. What do you think? –D.H.

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