What We Believe

[HI Bill]

I agree with all except #19.
If you have money and think you have to immediately spent it...you need an annuity!

Are you an undercover annuity salesperson ?

 

[joeea]

There is only a 10% chance that I will live to 98, yet I plan for it to be funded. The funding for the extra 7 years represents a financial buffer if I believe in statistics. That financial buffer can be spent on anything. The odds of needing that money is low.

How many people here use the 10 percentile when planning for retirement. If the answer is everybody, then I guess it is not extra.

Sorry, this makes no sense.

You cannot know if you need to fund up to 98 years until you live them. Yet you say both that you "plan for it to be funded" and at the same time it "can be spent on anything".

Maybe you have statistics saying that you can somehow have it both ways. In the statistics I know you can either save for 98 years or spend it before 98 years, but not both.