Quote:
Originally Posted by Gigi3000
Yeah, I just came back to say that I don't see the benefit either, unless maybe if I live to 100. If I buy a $100000 immediate annunity, I'd get around $450 a month and if it pays me for 18 years, I'd just break even..sounds ludacris and I would prolly kick off in 3 years, my luck. Then I'd be reeeeaaaallly upset!!!!  |
There are places where annuities make sense. If your total portfolio risk can be lowered by annuitizing a portion (and your willing to accept the risk of croaking early) you can dial up your risk in the remainder of your portfolio and improve your returns. This also becomes a much easier premise if you don’t need to count on leaving a legacy. 😊