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re: Lifetime Income Annuity?
Posted on 8/21/14 at 11:29 am to offshoretrash
Posted on 8/21/14 at 11:29 am to offshoretrash
Pro's: lifetime income, will never stop receiving payments even if payments exceed amount put in.
Con's: Expensive, Illiquid, Expensive again.
Con's: Expensive, Illiquid, Expensive again.
1
Posted on 8/21/14 at 11:57 am to Shepherd88
pros- income you can't outlive, will continue as long as you/spouse are alive (there are some beneficiary options), guaranteed at time of purchase, no market fluctuation
cons- illiquid, no market upside
if you decide to do it, go with the company that is the best at it.
cons- illiquid, no market upside
if you decide to do it, go with the company that is the best at it.
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