Won't end the questions I'm sure --- but the link below makes the most sense to me by far. Why buy an annuity unless and until it's clearly your best option? The later you buy the less it will cost and the less the risk of insurer(s) defaulting. And if the market takes off during your retirement, you're going to really kick yourself for buying an annuity before it made sense. This strategy let's you "have your cake (investment risk) and eat it (longevity risk) too." Here's how to know exactly when (if ever) to annuitize:
FPA Journal - Modern Portfolio Decumulation: A New Strategy for Managing Retirement Income
Brilliant IMO...
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Retiring May 2010 --- maybe.
You only live once...
If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and and never will be. Thomas Jefferson
Last edited by Midpack; 05-18-2008 at 11:30 PM.
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