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URL:  http://boards.fool.com/the-big-problem-with-an-spia-is-that-20-30-of-30645222.aspx

Subject:  Re: investments for the non-financially literate Date:  4/20/2013  4:34 PM
Author:  aj485 Number:  72097 of 76420

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.

AJ
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