John has $3200 monthly in extra discretionary funds that he would like to invest in his future retirement. He chooses to divide the money into two annuities of an equal amount, one is 5.2% quarterly and the other is 4.5% monthly. a) How would the investments look like at the end of 20 years? b)How much interest is gathered by each investment after the 20 years?

Q: how long in years and months will she receive the payments

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Retirement Income

Retirement income is the income received by the retiring person after retirement. Income can either be paid every month or paid annually. The retiree would get a guaranteed income until their death. Retirement income payment differs from person to person based on their investment type and payment method. Some are paid on a lump-sum basis and some are paid in a regular series with fixed payment or variable cash flow. Retirement income can be created from retirement savings, investment, salary, bonus, and wages from employment. Every working individual should plan their retirement income according to their income goals for the future. The plan should be made by identifying suitable income sources, estimating future expenses, applying a savings plan, and managing risk and assets. The most common age for retirement is between 60-65 years.