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re: Lifetime Income Annuity?

Posted on 8/21/14 at 8:37 pm to
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10184 posts
Posted on 8/21/14 at 8:37 pm to
quote:

If you and your spouse die in a car accident, your kids get nothing.


Not the ones I have looked at. They pay whatever you have paid in if both of you die.

I was just looking for another form of retirement. I don't want to have all my eggs int he same basket. The company I work for now doesn't really have anything, but they pay an extra 4% because of it.
Posted by jeepfreak
Back in the BR
Member since Oct 2003
19433 posts
Posted on 8/21/14 at 9:58 pm to
There are better ways to diversify. Look into alternative investments like MLPs (Master Limited Partnerships), REITs (Real Estate Investment Trusts), and traditional investments like Muni bonds (for your after-tax investments).
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 8/22/14 at 7:02 am to
Ok, so you are not talking about SPIAs. How old are you? They are not a bad deal for a portion of your portfolio. However, you buy them for income not appreciation.
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