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SPIAs don't have expenses 25% to 30% of the initial purchase.

Annuities can be very expensive but it's simply incorrect to assume SPIAs have upfront costs 25%-30%.

Rather than focusing on the costs, one could simply do the math and determine what the IRR is on a SPIA for every year one stays alive, and also use mortality tables to see what one's life expectancy is and what the realistic chances are of somebody dying at age 65 or at age 105. Then one can determine if it looks like it's a good choice for them or not.

Sometiems a SPIA makes sense and sometimes they don't.

Exactly. Well, without the typo. :-)

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