... I purchased a hybrid annuity from a company called "Security Benefit" last year. Obviously, not the greatest but it is giving me an annual roll-up guarranteed @ 8.2%. I only put in 45K and at age 65yrs old it should pay out about $1,200.00 monthly.
I am thinking about purchasing another annuity for 75K and would like to hear your thoughts on this?
i STRONGLY suggest you check your math and READ your contract before buying another annuity. Those numbers do not make any sense unless Security Benefit is trying to go bankrupt...in which case your annuity will be worthless.
If they pay you a guaranteed 8.2% between now and when you are 65 (which is highly unlikely since risk free rates are currently about 2%) your $45k will be worth about $125000. Paying $1200 a month on that is 11% or more, also not sustainable in this environment.
Since I don't know what you bought, I really can't comment further. All I can say is that it is extremely unlikely you could have bought what you say you have with a guarantee anytime in the last 30 years.