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Originally Posted by Packer Fan
Finally a measured response with facts. Totally agree. I have my entire "minimum dignity floor" covered with gauranteed income - 2 small pensions, some annuities and of course the best annuity - Social Security.
If these annuity haters don't like annuities, they should not take their Social security.
Ed
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I think you made a great point about covering your basic minimum needs with guaranteed income. But I am baffled about your comments about social security. 1. Social security is far from the best annuity. If 15% of my income for the last 42 years had been invested in something other than social security, it would be worth far more than what I will receive from it in my lifetime. 2. "If these annuity haters don't like annuities, they should not take their Social security." What a ridiculous statement. If you don't like annuities, then don't take the money that you were forced to pay in for most of your life. Makes perfect sense....oh wait.