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URL:  http://boards.fool.com/ltltand-they-represent-most-people-just-26888965.aspx

Subject:  Re: Info needed Date:  8/9/2008  10:27 PM
Author:  SeattlePioneer Number:  13870 of 19741

<<And they represent MOST people?
Just asking. I know lots more people than that who are doing nicely. Or, at least, who are not squandering what they have.

I guess my point is that, if a person has had the fortitude to actually amass a good deal of money, what makes you (or the OP) think they are not capable of managing to withdraw from it intelligently without resorting to an annuity?

That's all.

AM>>


I'm not a big fan of annuities, because of their expense, risk and relatively low investment returns.

Aside from that, they have a good deal to recommend them.

intercst is drawing attention to the current Social Security provision which allows all Social Security benefits paid to be reimbursed at age seventy or so and to gain a higher, inflation indexed benefit at that time ---esssentially buying an annuity cheap and at low cost that inflation protected.

I might consider doing that if it still looked like I had additional years until my life expired. So I think there might be advantages in having an annuity or something that might act as an annuity.


<<And they represent MOST people?
Just asking. I know lots more people than that who are doing nicely. Or, at least, who ar