Immediate Annuity vs. Index Annuity- Would like all feed back on Annuites..thank you!! (bond, mutual funds)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Keyword is "expect to live" what if your the next methusula ?
Do you want to risk living longer than that with no money left?
What about a spouse. With annuities you can bet on 2 horses in the same race because you can have ones that pass to the survivor.
biggest question is if you draw down that money on your own can you keep going?
"Survivor' would be only a legal spouse, right?
As for your final question, I'd suggest that after a certain age (90 or so), I wouldn't know what's going on anyway, I'd be out of it. Certainly, one of my relatives would put me somewhere that is not the street.
Simple. More equity, not less, increases portfolio survival odds. More current income, not less, also increases portfolio survival odds. The hard part is that the two positives are mutually exclusive...."
mutually exclusive means implementing one will rule out the other.
what they mean is the more conservative your portfolio the more its survival rate can improve allocating some to pensionized income. or the more aggressive the portfolio the better its odds of survival are without additional pensionized income .
they are opposites of each other but can still add up to the same percentage of survival.
Last edited by mathjak107; 12-23-2011 at 04:39 PM..
I would never buy an annuity. I have not seen one yet, that does not have high fees, or some other feature that allows the Insurance company to make a bundle of your money. There are much better alternatives.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Certainly, one of my relatives would put me somewhere that is not the street.
