Quote:
Originally Posted by STARBUCKSSAMMY
rjm1cc is right...it is a good idea. It depends on your needs. Who knows how long you will live...all of us plan on our assets lasting,but lets say I am 65 and wish to use up all my assets to age 85. Now that is a plan. If I live to 80...not a problem. If I make it to 85, all assets are gone but I have the $35000 per year pluss SS . It does make sense.
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Guess what the Insurance Company is betting on.
From the Create a Paycheck article;
Average life expectancy for a 65-year-old male is 84.2 years.
Create a paycheck with an annuity
https://news.fidelity.com/news/artic...ting-annuities
New strategies to lock in steady income for life
https://news.fidelity.com/news/artic...ting-annuities
Income Security in Your 80s, Bought in Your 60s
http://www.nytimes.com/2010/11/05/bu...pagewanted=all
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KayakerNC
Mt Clemens, MI
Newport, NC
Suffering from TV envy
Last edited by KayakerNC; 04-22-2011 at 09:49 AM.
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