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No. of Recommendations: 14
Daryll44 reasons,

Or you could be one of the rare but many (an oxymoron) who live to 105. Then you're glad there is that income. Or your caregivers are glad.


Wouldn't your caregivers be even more glad of the fortune you'd have without the headwinds of the 15%-20% you lose to the cost of the annuity?

The only annuity that makes financial sense is the one that you can buy from the US Gov't by delaying SS to age 70. That's literally about half the cost of what a commercial insurer would charge for the same inflation-adjusted monthly benefit.

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