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Hi Bill: Can you explain more what you mean by the "price" of the annuity? I realise that buying an annuity, like investing in a managed fund, may have a cost associated with it. I guess it's also possible (but I don't know) that some annuities may not have an up-front cost, but a lesser...

You could use a portion of the funds (say $70K) to purchase an annuity to provide you with an income stream. Then, in fact, you will have a modest deposit ($30K) plus an income stream.