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Would a COLA single premium immediate annuity
Old 04-20-2008, 08:35 AM   #1
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Would a COLA single premium immediate annuity

taken at age seventy have been good for this lady?
The Associated Press: Is it her genes? Oldest known person turns 115 on Sunday

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Old 04-20-2008, 08:40 AM   #2
Thinks s/he gets paid by the post
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That's the real uncertainty in any decision like this. How long will you live? The other way to look at it is how much does she really need to live on? I'm sure she's in some form of nursing care that will run more than SS pays. She either has generous family members, other assets or gets Medicaid. At 115 she probably doesn't know which.
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
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