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Investing/Strategies / Retirement Investing
|Subject: Re: Strategy comparison S&P500 vs. IUL [rev 1]||Date: 4/5/2013 1:10 PM|
|Author: intercst||Number: 71729 of 74539|
The annuities market is very mature, very competitive, and profit margins are thin, which is good for the consumer. Properly purchased Immediate annuities are a good way for middle class Americans to generate a reliable lifetime retirement income.
Yet the average person who buys a so-called "low-cost immediate life annuity" loses 20% to 30% of the purchase price to the insurance company's various fees, commissions and costs.
The high cost of a no-fee, no-commission Single Premium Immediate Annuity (SPIA).
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