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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75611  
Subject: Re: Optimal level of annuity purchase may b nega Date: 9/9/2013 2:07 PM
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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

</snip>


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.

intercst
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