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Originally Posted by Packer Fan
So send your social security check or any pensions you have back. They are annuities. This is just wrong. Annuities have a very important place in retirement planning when used correctly. The only product that can guarantee lifetime income. I have several and am VERY satisfied. I also have several million in the stock market. Totally different goals for each. When another 2008 happens, I will be fine because I have enough guaranteed income to cover my bills. How will you be doing? You can’t earn anything in bonds anymore, so annuities are actually pretty attractive as an alternative. Read or listen to anything by Dr Wade Pfau and you might change your mind.
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We have no choice about social security but if we could have opted out 50 years ago would have.
Annuities are very important to the people who sell them. How else can they live the life they have gotten accustomed too.