Any ideas on good annuities for those retiring ?
Or any other ideas
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Annuities are sold as “income that you cannot outlive”
That is BS when you factor inflation into the equation. The central problem of each investor is to create a real (inflation adjusted) lifetime income. No insurance company or government can guarantee such a proposition. Annuity buyers lose 3% or more in fron end loads. Check out income solutions.com for inflation adjusted immediate annuities. If you go to them through an advisor you will pay a 1% commission for theri annuities. You will pay 2% if you go directly.
also read what the Australian http://www.barefootinvestor.com.au has too say about them..he nails it…