Except..they don't provide INFLATION PROTECTION. The 800lb gorilla, in almost every retiree's "room". I can't see how they could possibly be viable..UNLESS..a retiree had such a large starting balance in one, in relation the their upcoming spending needs, AND/OR; a retiree who purchased one, at a very advanced age, where the long-term corrosive effect of inflation over time, would not be a factor.
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Excellent discussion
Annuity worked for me for my "piece of mind" knowing my basic needs are guaranteed no matter what happens in the markets.
Until provider goes bankrupt.
until inflation renders the distributions worthless
Except..they don't provide INFLATION PROTECTION. The 800lb gorilla, in almost every retiree's "room". I can't see how they could possibly be viable..UNLESS..a retiree had such a large starting balance in one, in relation the their upcoming spending needs, AND/OR; a retiree who purchased one, at a very advanced age, where the long-term corrosive effect of inflation over time, would not be a factor.
👌