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Investing/Strategies / Retirement Investing
|Subject: Re: Income Planning Assumption||Date: 6/7/2007 11:34 AM|
|Author: JAFO31||Number: 57806 of 76398|
Hawkwin: "If you are not concerned about leaving any principle to your estate, you could easily do an immediate annuity (think of it like a pension) and get 6-7% guaranteed for life"
Probably not inflation adjusted, however, so that after 24 years of moderate inflation of 3%/year, you pruchaseing power has probably fallen by about 50%.
"and in many cases, you would still have principle left over even if you lived into your 90s."
I have always understood that any money paid for any immediate annuity is gone and cannot be reclaimed, except through the income stream (which might be only for life or wich might have aminimum numbers of years of payment guaranteed; what principle would be left over?
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