Skip to main content
No. of Recommendations: 1
>> The cheapest annuity you can buy is to delay your Social Security benefits until age 70. <<

Agreed. But even that is a fairly small annuity, maybe $5000 a year, give or take for most folks. That "annuity" on top of SS at the standard retirement age is not nearly enough to live on by itself.

And for the increasing number of pensionless (I'm noting how almost all the people I hear retiring voluntarily these days have pensions) who want a guaranteed, secure income steam that meets or exceeds their annual expenses, what are the options? That's even more true these days when the pensionless are feeling more vulnerable than at any time in the post-WW2 economy and are feeling like retirement is an increasingly impossible dream.

The thought of buying the security of a pension is very seductive, if nothing else, and the annuity peddlers know it.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.