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Protect your retirement from future stupidity - MarketWatch
An interesting MarketWatch article that talks about what happens to seniors when mental ability declines and they start making bad financial decisions.
As you would suspect, annuities come up as the main solution. But while I don't have much interest in reading another generic article about annuities, I do like the information he shares on the commissions earned by various insurance companies. And, a question that came up recently in another thread about Vanguard - he confirms that even Vanguard annuities have a 2% commission built into them.
An interesting MarketWatch article that talks about what happens to seniors when mental ability declines and they start making bad financial decisions.
As you would suspect, annuities come up as the main solution. But while I don't have much interest in reading another generic article about annuities, I do like the information he shares on the commissions earned by various insurance companies. And, a question that came up recently in another thread about Vanguard - he confirms that even Vanguard annuities have a 2% commission built into them.