brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Rich_in_Tampa said:Check the price -- very much more than standard. I'd rather invest the balance and buy a small add'l annuity as needed to keep up with inflation, plus you get more money back since you are older when you buy.
Personally, I would want to do an awful lot of modelling and head scratching before I was willing to do the strategy you are suggesting. I suspect you would still get walloped by inflation.
Put it this way: I know insurance companies all too well. There is a reason they are happy to sell payout annuities to all comers.