ANNUITIES
by mullerhq | October 30, 2012 2:52 pm
Any ideas on good annuities[1] for those retiring ?
Or any other ideas
Endnotes:
- annuities: https://www.stockgumshoe.com/tag/annuities/
Source URL: https://www.stockgumshoe.com/2012/10/microblog-annuities-3/
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…