Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Ok, let's take the hypothetical. So the guy in the article repays $143,000.00 so that he can get an extra $600.00 a month. Looks like it would take 20 years to get that money back

I did this a year ago and I paid back $107,000 and increased my payment $1000 a month.

As someone has already mentioned there is nowhere that you can get an inflation protected annuity for any where near that.

OxBeaux
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement