Early Retirement & Financial Independence Community - View Single Post - What happens if lifetime annuity issuer goes bankrupt?

pedorrero · 05-12-2007, 10:29 PM

Addenda: this topic (as insurance co's) is covered in one of the Martin Weiss books ("Safe Money" ?). Weiss (of course) has their own rating service which, they claim, spotted iffy insurance Co.'s -- some of which went ka-blooey in the late 80s, early 90s even though some were rated "A" by Best's, a rater of insurance Co.'s. Annuities must have a place in the retirement portfolio, but I've seen more cautions about them than recommendals to invest in them. If you have a pot of money, it's awfully hard to beat a sensible stock/bond portfolio, for overall safe returns.

05-12-2007, 10:29 PM	#9
pedorrero Recycles dryer sheets Join Date: Dec 2006 Location: Florida Posts: 243	Addenda: this topic (as insurance co's) is covered in one of the Martin Weiss books ("Safe Money" ?). Weiss (of course) has their own rating service which, they claim, spotted iffy insurance Co.'s -- some of which went ka-blooey in the late 80s, early 90s even though some were rated "A" by Best's, a rater of insurance Co.'s. Annuities must have a place in the retirement portfolio, but I've seen more cautions about them than recommendals to invest in them. If you have a pot of money, it's awfully hard to beat a sensible stock/bond portfolio, for overall safe returns. __________________ I've got nothing against an honest day's work, provided that someone else does it.