The problem that I have with the SPIAs is that they generally are not inflation adjusted. With the kind of deficit spending that we are now involved with as a nation, I see the potential (almost certainty) of very high inflation in the future. If this occurs, what seems like a nice, safe, monthly return will rapidly decline in purchasing power.
Because of this, I have been looking at some of the annuity products that are linked to market performance. Yes, they may incur some charges, but they also provide a safety net against inflation and at the same time provide protection of the original principal. I have also been reading that some of the "experts" have been changing their tune about these products. I haven't pulled the trigger on these yet, but I still am considering them.
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