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URL:  http://boards.fool.com/the-big-problem-with-an-spia-is-that-20-30-of-30645289.aspx

Subject:  Re: investments for the non-financially literate Date:  4/20/2013  5:59 PM
Author:  ptheland Number:  72098 of 75340

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.

Yep. That's why they're not my favorite choice.

But if you're not going to assume responsibility for learning about and managing your own money, you're going to pay someone to do that for you. These at least get you a pretty sure cash flow for life. Most other managers only guarantee to take your money, with little guarantee of results.

And it helps avoid the worst of the rip off artists who would take all of the money.

--Peter
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