Talk of The Villages Florida - View Single Post - Please tell of any experience you had with any ANNUITIES purchased in The Villages

Packer Fan · 03-23-2023, 07:42 PM

Quote:

Originally Posted by Cybersprings

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.

You have a point about social security, but the reality is you have to pay into it. It does not change the fact that it is an annuity. My point was that some who say they hate annuities love their Social Security, when it is just an annuity.