Brehs scenario.....69y/o woman still working & plans on working for
at least another 2-3 years.
Has 136k to invest. She's narrowed her option down to annuity & actively managed mutual fund (balanced).
The annuity rate being offered currently is 5%......so almost a 40% GAURANTEED gain over 5 years.

When I originally did the numbers I thought the banker was saying 5% over the course of the 5 year annuity, when I asked for clarity she again said 5% year over year. Is this a normal thing with annuities?
She was explaining how the mutual fund theoretically (historically) should out perform that buy a lot........but guaranteed 40% sounded like a jwet to me.