Skip to main content
No. of Recommendations: 1
If you have no heirs to leave money to, you could also get a higher guaranteed return through (and I know this is a dirty word) a guaranteed annunity, more like 6% guaranteed for your lifetime.

There are inflation protected annuities, but they payout less. OTOH, if inflation kicks up to anything like the 70's, your 6% shrinks terribly and you are left with a monthly check that's good for a loaf of bread and not much else.

We bought one for my FIL at his insistence, the inflation adjusted paid out so much less that he went for the one without. (And it was paying about 4%, IIRC.) If he died within the first 6 years, the heirs got a pro-rated amount back. After 6 years he continues to get a paycheck for life, but when he dies there is nothing for the heirs. He put about 50% of his assets into it, and gets a check which nicely supplements his SS. That was about 3 years ago, and he's doing fine.
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.