Thursday, November 12, 2009

Annuities: An option for any retiree

Annuities: An option for any retiree

My comments from the article

I just want to point out a few things:
1." adjusts the payments for inflation ".If you do this,you,ll find it will take at least 10 years or so to reach the unadjusted income level on a monthly or annual basis.Of course you will still be behind in income received to date,which will take more years to accumulate.You have to find another way to provide inflation protection.
2." Annuities reflect interest rates at time of purchase ".Annuity rates are a blend of age and long term bond rates,not GIC rates.
Otherwise this is a good general article;as the writer says you should go to a broker who will give you quotes from all the companies so you can choose the best-paying life annuity.

Ivon T Hughes


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