I am not sure I agree. The idea behind these anuities is that you are betting against the actuarial tables. What about those who fear out-living their savings. Less of a concern is what charity to leave money to after passing away (if there is any left). None of this was addressed in the article.
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Why Retirees Should Never Invest In Annuities
Still no reply to my comment.......
Why Retirees Should Never Invest In Annuities
I am not sure I agree. The idea behind these anuities is that you are betting against the actuarial tables. What about those who fear out-living their savings. Less of a concern is what charity to leave money to after passing away (if there is any left). None of this was addressed in the article.