Not the Lone Anti-Annuity Troll
This weeks Parade magazine in many Sunday papers had an article about why no one should buy annuities. They said the fees overwhelm any perceived benefit of tax deferrel. The article went on to highlight their liquidity problems and early withdrawal penalties.
I'm just cleaning up my FIL's annuity screw job. It involves his net worth to be screwed some more but he needs the money. My father's annuity is locked up so tight it isn't even available for another two years -- over 5 years after his death.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius