I've saved money all my life and now that I've retired I'm thinking of going for an immediate VA. Any suggestion?
Total Comments: 14
Posted: Wed Feb 10, 2010 07:35 am Post Subject:
Immediate VAs are more secure than the other options that you have. I love them since they'd offer a guaranteed income for your life. The payouts for VAs are not predictable in general, but some immediate VAs secure a portion of the first payout.
Posted: Wed Feb 10, 2010 10:55 am Post Subject:
Steven, why is an immediate VA more secure than other options? There is a reason why immediate fixed annuities are much more popular. The people who choose immediate annuities typically want to know exactly how big of a check they will receive.
Posted: Thu Feb 11, 2010 06:19 am Post Subject:
Do you mean that I should annuitize a portion of my savings that's proportional to my death benefit? What would be the other things that I'd need to consider in this regard?
Read Stephen Pollan's DIE BROKE! to understand why a series of fixed annuities is a better choice than a single SPIA (fixed or variable).
Posted: Thu Feb 11, 2010 03:39 pm Post Subject:
It's a process called laddering which takes advantage of different current market interest rates and mortality assumptions by virture of pulling the trigger (annuitization) at different times.
The book, eh...not something break through or incredibly great, that's just my opinion though.
Posted: Wed Feb 10, 2010 07:35 am Post Subject:
Immediate VAs are more secure than the other options that you have. I love them since they'd offer a guaranteed income for your life. The payouts for VAs are not predictable in general, but some immediate VAs secure a portion of the first payout.
Posted: Wed Feb 10, 2010 10:55 am Post Subject:
Steven, why is an immediate VA more secure than other options? There is a reason why immediate fixed annuities are much more popular. The people who choose immediate annuities typically want to know exactly how big of a check they will receive.
Posted: Thu Feb 11, 2010 06:19 am Post Subject:
Do you mean that I should annuitize a portion of my savings that's proportional to my death benefit? What would be the other things that I'd need to consider in this regard?
Read Stephen Pollan's DIE BROKE! to understand why a series of fixed annuities is a better choice than a single SPIA (fixed or variable).
Posted: Thu Feb 11, 2010 03:39 pm Post Subject:
It's a process called laddering which takes advantage of different current market interest rates and mortality assumptions by virture of pulling the trigger (annuitization) at different times.
The book, eh...not something break through or incredibly great, that's just my opinion though.
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