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Subject:  Re: annuiites couple married 81 years old Date:  8/2/2021  12:19 PM
Author:  aj485 Number:  103824 of 105366

I have been working on this idea for many, many years and have no answer. Any new ideas would be appreciated. Years ago, I read the book "Die Broke". The idea of using your money, and runs out just when you die.

Well, putting all of your money into joint and survivor annuities that end when the 2nd one dies, along with spending all the income from those annuities each year, would accomplish that. You would give any excess to insurance companies, but since you said you don't have anyone that you want to leave the money to, there's not necessarily anything wrong with that. And if at least one of you lives longer than the insurance company estimates, you might actually receive more from the insurance company.

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