GAO report says that's the "advice of experts".http://www.marketwatch.com/story/retirees-need-less-stocks-m...Unfortunately, they don't mention that 25% to 30% of the purchase price of a single premium life annuity (SPIA) is lost to the insurance company's various fees and costs for the average retiree.http://www.retireearlyhomepage.com/annuity_costs.htmlI wonder who's paying their "experts"?The cheapest annuity you can buy is to delay your Social Security benefits until age 70.http://www.retireearlyhomepage.com/cheap_annuity_no_more3.ht...intercst
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