We should add this statement to the "How do you know when you're really ER'd?" thread...Cute Fuzzy Bunny said:My wifes annuity/pension through her hospital employment runs to about 540 pages.
We should add this statement to the "How do you know when you're really ER'd?" thread...Cute Fuzzy Bunny said:My wifes annuity/pension through her hospital employment runs to about 540 pages.
Cute Fuzzy Bunny said:
brewer12345 said:Heh, they appear to be pitching horrific account churning as a service.
wab said:Umm, who wouldn't select option 2?
Cute Fuzzy Bunny said:Do you need me to quote the 3-4 times in the last few days someone suggested that specific individuals or the majority of the board members "would not buy an annuity no matter what"?
brewer12345 said:I checked #2, since I would buy leveraged beever chee3e futures if I thought they made sense for me. But I could just have checked the no way, no how button. It boils down to the thought that I can almost certainly assemble a package of assets that gets me the same payout that the insurer is offering and still keep the residual. If they are offering something so absurdly attractve, I would be hesitant to buy it because my perception of the insurers' credit risk would be greatly increased.
Cute Fuzzy Bunny said:I got exactly what I wanted out of it.
Quote from: Cute Fuzzy Bunny on Today at 02:54:11 PM
I got exactly what I wanted out of it.
wab said:Wasn't that always the point of all your "studies?"
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith
Cute Fuzzy Bunny said:Brewer...do you have any information on what % of insurers have defaulted on paying out annuities from a historic perspective, any data on lost cost of living/buying power due to the 10% caps, or any projections on safety of payout vs credit risk going forward for the industry?
wab said:Wasn't that always the point of all your "studies?"
brewer12345 said:Or maybe not. Life insurers are extremely difficult for professional credit people to make sense of. How well is a layman going to do?
donheff said:I read somewhere that the British are REQUIRED to put a substantial portion of their retirement accounts into a life annuity at age 70. Does anyone know if that is correct? If so, who insures them and what kind of rates do they get?
sgeeeee said:So an annuity (even a small one) doesn't make sense for me right now at age 52. But I have no idea what will make sense for me in the future. Is something does make sense, I hope I have the sense to do it.
sgeeeee said:Okay. Most of you are full of sh#t. CFB ended two of the options with the qualifier, "if it made sense." (choices #2 and #3) Yet very few of you selected #3. So . . . what you are saying is that you would not do something that made sense.
That makes no sense. Now, you may believe that #3 will never make sense, but that wasn't the option.
I have some pension benefits and SS coming. I feel comfortable with moderate risk. So an annuity (even a small one) doesn't make sense for me right now at age 52. But I have no idea what will make sense for me in the future. Is something does make sense, I hope I have the sense to do it.
Are you using tax deferred or taxed funds?Ron'Da said:Yes, I will persue the "20% solution" in July (after I get my cash balance settlement - I'm retiring May 1) to extend my plan. I need not "give it all up" as you suggest, with #3 (If I don't understand your comment, please correct me ).
- Ron
donheff said:Are you using tax deferred or taxed funds?