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Subject:  Re: Optimal level of annuity purchase may b nega Date:  9/9/2013  2:07 PM
Author:  intercst Number:  72778 of 88498

Hawkwin writes,

The only time I recommend someone consider a life-only option from anything (like a pension) is when they are single, have no desire to leave assets to anyone


Immediate life annuity purchasers are leaving assets to someone. The 25%-30% of the purchase price being skimmed off in fees, commissions and costs is going to the insurance company.

I'm single and don't have any particular desire to leave an estate, but I'm confident I can find some charity more worthy than an insurance company as the beneficiary of the residual value of my portfolio when I'm gone.

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