I don't want to start another annuity jihad ...
But I signed up for the AIG SPIA being offered through
Vanguard, back in April or so, with quarterly payments
and CPI adjustment (I was 54yo and initial payout was
4.4% of principal, for the record).
Anyhow, just received first payment with CPI increase,
and it's 2.07%. Been poring over the CPI numbers at:
ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
and can't quite figure out how they came up with a
number that low.
Anyone else got one of these puppies ?
But I signed up for the AIG SPIA being offered through
Vanguard, back in April or so, with quarterly payments
and CPI adjustment (I was 54yo and initial payout was
4.4% of principal, for the record).
Anyhow, just received first payment with CPI increase,
and it's 2.07%. Been poring over the CPI numbers at:
ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
and can't quite figure out how they came up with a
number that low.
Anyone else got one of these puppies ?