The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: investments for the non-financially literate Date:  4/20/2013  4:34 PM
Author:  aj485 Number:  72097 of 88520

The big problem with an SPIA is that 20%-30% of the purchase price is lost to the insurance company's various fees, expenses and costs.

If one isn't willing to manage their own money, and one isn't willing to have a financial adviser manage their money, and one still wants monthly income, then, expensive as they are, annuities may be the best option available.

I suppose another available option would be 'money under the mattress' - at least until it runs out.

You pays your money and you takes your choice.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us