chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
... Am I missing something? I guess if he has no heirs that he would like to pass the money on to?
Yes. You do not know all the OPs details.
Most of us do not either and were just offering comments and opinion as requested by the OP.
But it was a bit suspicious to me that he was being told to trade in pension with a cola for a variable annuity... where the goal of the variable annuity (for a retiree) is often to keep up with inflation.
The situation you are describing... (which did not seem to be the OP's main concern) did it ever occur to you that a term life policy might be an option to consider?
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