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re: Annuity Owners, please share your experiences.

Posted on 6/29/23 at 8:30 am to
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
3044 posts
Posted on 6/29/23 at 8:30 am to
suggest you visit the bogleheads board and search under this topic. there are a couple of insurance guys that post alot about SPIA'. there are also several posters that discuss their strategies. One dude in particular buys a new spia each year. dollar cost averaging and creating his own penson. i'm following those threads with interest.
Posted by Enadious
formerly B5Lurker City of Central
Member since Aug 2004
17707 posts
Posted on 6/29/23 at 9:23 am to
Thanks to all for responding.
Posted by meansonny
ATL
Member since Sep 2012
25999 posts
Posted on 6/29/23 at 10:41 am to
quote:

there are a couple of insurance guys that post alot about SPIA'


For the longest time, annuitizing should have been looked at like a 4 letter word.

But with interest rates up for the first time in a long time, it may be back on the table.

You want to lockin your mortgages at interest rate lows.
You want to annuitize at interest rate highs.

Annuitizing in a low interest rate environment voluntarily is like taking a high interest mortgage when it isn't necessary.
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