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Location: Was Midvalley Oregon; Now Eastside Seattle area
13,080 posts, read 7,523,914 times
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If I get 5 net positive replies by Monday evening, either on this thread or PM, I will describe my choices, decision and why for my IRA, GLWB Variable Annuity.
If I get 5 net positive replies by Monday evening, either on this thread or PM, I will describe my choices, decision and why for my IRA, GLWB Variable Annuity.
Haha...you know I'm a big fan of using these riders as longevity annuities in a diversified financial plan. If you dont make the information public please PM me.
if you did not delay social security and still have the chance , i would not bother with these until i delayed my ss to 70 which for the same money as you would give up is a far better deal
The product discussed in this article is one of the worst on the market. One of the best, for comparison, immediately credits the income base 8%, guarantees it (the income account value not the accumulation value) will grow at 7% compounded, and for that same 62 year old after 10 years the payout factor is 6.3% for life. Do the math. As part of a financial plan to address longevity it is very compelling.
if you did not delay social security and still have the chance , i would not bother with these until i delayed my ss to 70 which for the same money as you would give up is a far better deal
I would generally agree with your statement however there are other factors (health, immediate income needs) that deserve consideration.
I would generally agree with your statement however there are other factors (health, immediate income needs) that deserve consideration.
no one should buy a commercial life annuity before delaying ss . they have the same longevity risks , health risks , but for the same money ss gives you so much more then you can buy . for what it cost you to delay from 62 to 70 in checks you can't get any life annuity that :
I have no interest in trying to figure out variable annuities.
(That would be a nah).
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