Gill
Recycles dryer sheets
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Thank you for educating on the concept of valuing a perpetuity. I'll file that under useless information and not at all relevant to this discussion. Why is it that discussions of immediate annuities always elicit such responses?
Bruce
Thanks for the suggestion, but it is more entertaining to read his posts.Please --- both of you might want to remember the "ignore" feature.
Up to you (as things stand). The "ignore" feature is a handy one that many of our members use, and we like to remind everyone about it now and then by posting a public reminder about it. It has saved many a member from future headaches and battles.Thanks for the suggestion, but it is more entertaining to read his posts.
Bruce
Up to you (as things stand).
May I humbly suggest that people avoid the use of the word 'you'? As in "You don't understand basic supply/demand as taught in Econ 101".
Far better to say "My Econ 101 professor was very clear that prices are set by supply and demand, not cost of production".
'You' should be left to compliments or nice questions " You have demonstrated a good head for investments, so can you give me your opinion on beaver cheese futures this year?"
Understand why people don't like annuities. Loss of control and poor pricing. Pensions (just an annuity) are certainly loved though. Thing is, annuities are the perfect product for many retirees. Better to buy them later, and hopefully interest rates rise. Can't argue with the benefits for many people. Too bad banks don't sell them.
One advantage of annuities is that once the money is annuitized, the person can't do something stupid with it - like give it a new version of Bernie Madoff, speculate on Can't Lose stocks, or bail out ungrateful children from their debts and other financial problems.
Colas are way too expensive for what you get. It's better to start out small and add more annuities over time to make up for the shrinking real income.Wouldn't touch non-cola as well. Will matter if you surprise yourself and make it 110+. I'm already grumpy, don't need to be poor and unhappy too.
Colas are way too expensive for what you get. It's better to start out small and add more annuities over time to make up for the shrinking real income.
Understand why people don't like annuities. Loss of control and poor pricing. Pensions (just an annuity) are certainly loved though. Thing is, annuities are the perfect product for many retirees. Better to buy them later, and hopefully interest rates rise before then. Can't argue with the benefits for many people. Too bad banks don't sell them.
If banks sold them, could be another "Big Short" movie 10 years from now...