The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: investments for the non-financially literate||Date: 4/20/2013 4:34 PM|
|Author: aj485||Number: 72097 of 74759|
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 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|