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View Poll Results: Qs 1&2: Did you will you delay SS to 70; Qs3 &4-Did you/ will you buy annuity?
yes 19 24.05%
no 10 12.66%
yes 12 15.19%
no 38 48.10%
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Poll- Delay SS vs. Purchase an Annuity
Old 12-05-2013, 02:37 PM   #1
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Poll- Delay SS vs. Purchase an Annuity

Couple of threads running on annuities made me want to do this poll. Basically, how many people plan to buy or have bought an annuity, vs how many plan to delay or have delayed SS until age 70? Me- I delayed until age 70, and I will not buy an annuity.

Try to force yourself to choose for purposes of this poll. If you find your self pursued by a large creditor, I you have permission to deviate from your choice.

Ha
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Old 12-05-2013, 02:43 PM   #2
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Your poll is a no-no for me.
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Old 12-05-2013, 02:47 PM   #3
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I plan to take my SS at age 70 so I voted "yes" on that one.

I didn't vote on the annuity part. I don't plan to buy one now, but I plan to take another look at my financial situation when I am 80-85 and and possibly buy a small annuity at that time. The purpose would be simply to provide a steady, reliable income that doesn't need to be fiddled with while I am becoming more and more physically/mentally incapacitated by old age. The annuity would function as a supplement to my SS. If my SS was a little bigger, then I would not buy an annuity.
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Old 12-05-2013, 02:59 PM   #4
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I plan on taking SS at age 70. The math makes it very hard not to do so.

I consider myself to already have taken an annuity by taking a pension option versus a cash payout. I presently do not plan on additional annuities, but I keep myself open to the oppportunity in lieu of other fixed income investments. I am still kicking myself for not purchasing the annuity in 2007 with a 4 percent payout and a 4% fixed annual increase. Would be paying over $5,061 per year by now for the 100K I was going to invest.
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Old 12-05-2013, 03:18 PM   #5
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Planning to wait until 70 for SS. Currently 58. Starting SS between 62 and 70 is a "Plan B" if investment results were uncomfortably poor.

No plans to buy an annuity. (I assume you mean a SPIA?) Might someday but probably not.

How does one vote twice?
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Old 12-05-2013, 03:23 PM   #6
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I can only select one of the four options.
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Old 12-05-2013, 04:08 PM   #7
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No & no here.
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Old 12-05-2013, 04:12 PM   #8
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No-no here. My plan as it stands now is to delay taking ss as long as possible, maybe to age 70.
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Old 12-05-2013, 04:20 PM   #9
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Quote:
Originally Posted by pb4uski View Post
Planning to wait until 70 for SS. Currently 58. Starting SS between 62 and 70 is a "Plan B" if investment results were uncomfortably poor.

No plans to buy an annuity. (I assume you mean a SPIA?) Might someday but probably not.

How does one vote twice?
Oh, I see. I didn't foresee this glitch.

Could a mod turn on the multiple answers switch? I think this might fix the problem.
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Old 12-05-2013, 04:22 PM   #10
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Oh, I see. I didn't foresee this glitch.
How about yes/yes, yes/no, no/yes and no/no? Too late now I suppose unless the mods have some way of wiping the slate clean. They are clever, smart, kind, generous, all-knowing......
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Old 12-05-2013, 04:38 PM   #11
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Quote:
Originally Posted by pb4uski View Post
How about yes/yes, yes/no, no/yes and no/no? Too late now I suppose unless the mods have some way of wiping the slate clean. They are clever, smart, kind, generous, all-knowing......
That's what it needs, IMO.

If you just allow multiple answers we won't know if the no's to one Q relate to the yes's or no's of the other question.

But until then - a planned yes/no. But I will re-evaluate as time goes by.

-ERD50
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Old 12-05-2013, 04:50 PM   #12
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Planning on 70 for SS. 2500/Month now vs. 3300/month then.
Purchased a small annuity many years ago. Has increased in value and now valued at less than 4% of investments. Decided to go with 15 years guaranteed @ $1500/month.
Would not purchase another annuity.
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Old 12-05-2013, 05:06 PM   #13
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Don't have the money to wait until 70....or likely 66.5. At the current time, planning somewhere in the 62-64 range.
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Old 12-05-2013, 05:15 PM   #14
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Yes / Yes
Yes / Yes

(2 votes for me/DW )...
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Old 12-05-2013, 05:34 PM   #15
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No annuity and no delay. My SS be fits will be minimal, though, so it's really not a major influence.
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Old 12-05-2013, 06:14 PM   #16
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No No

Started SS at 62 to protect DW. (She's impacted by GPO)

No annuity. Can't bring myself to turn over resources to any insurance company regulated by Illinois politicians. Fool me once........
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Old 12-05-2013, 10:39 PM   #17
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Yes on SS. Maybe on annuity. I would love to have a guaranteed income starting at 70 that would totally cover my "floor" so along with SS I may get a deferred annuity to start at 70. I'm 57 now and plan to retire at 60.
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Old 12-06-2013, 12:13 AM   #18
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I've already delayed SS past 66, but I'll probably start at 67 1/3 when my wife turns 66.

A private annuity is my "bail out" plan. If I'm getting old and my assets are dropping too low, I may buy an annuity.
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Old 12-06-2013, 03:54 AM   #19
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Annuities are crap financial products. So easy to do better with a conservative portfolio of stock / bond based ETF's. There's so many commission hungry annuity salesmen out there saying good things about them that people start believing that they're "an important part of a portfolio". Nonfiduciary "advisers" typically earn between 5 and 10% when selling annuities. With index annuities and SPIA's the insurance company compensates for that commission by reducing what they pay you. All annuities are also a tax nightmare. With SPIA's and other annuities that have an "income phase" you cannot get out of the contract for life. Kiss your principal goodbye if you ever need it.
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Old 12-06-2013, 07:01 AM   #20
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no no
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