Rolling Stones love Annuities

Keith is rolling in his grave - even if he isn't dead yet.


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Keith Richards declared in the song Happy:

Well I never kept a dollar past sunset
It always burned a hole in my pants
 
Now I have this image in my mind of Mic chugging down a big glass of Ensure on a TV ad...."Ahhhhh!"
 
gcgang said:
https://www.nytimes.com/2019/07/01/...html?action=click&module=News&pgtype=Homepage

Sole Sponsor for Rolling Stones (all band members 70+ yrs old) tour is Alliance for Lifetime Income.

Article has tweets and pictures of ads that almost make me gag.

Time is not on our side, but with an income stream you can't outlive, you can have some satisfaction.
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After reading the article and looking at the sponsor's website, I understand your reaction. This isn't just underwriting a tour, they are allowing the sponsor to [-]abuse[/-] [-]misuse[/-] use their lyrics for slogans and product sales.


stepford said:
Keith is rolling in his grave - even if he isn't dead yet.
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Are you sure he's alive? Maybe one of the walking dead? Maybe they're doing a "Weekend at Bernie's"n on Keith - he's dead but they kep him propped up with wires and stuff.


pjm-7 said:
Are Attends ads next:confused::(
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Oh no! I can just imagine the voice over. "When I'm on stage in the middle of a song and just can't get to a loo in time" ...



This image will now be forever in my mind whenever I hear a RS song. :facepalm:
 
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MichaelB said:
Oh no! I can just imagine the voice over. "When I'm on stage in the middle of a song and just can't get to a loo in time" ...

This image will now be forever in my mind whenever I hear a RS song. :facepalm:
Click to expand...

And now you shared it with the rest of us:LOL:
 
a little timely as a Friend of mine has Tickets to the Stones in New Orleans on the 14th. --- Have to spend a couple days fishing in the Marsh when I'm there. As well as the Foodie Stuff.


Never seen the Stones, but they are almost like the Mono Lisa nowadays.
 
I guess if Mick can get away with including "Stray Cat Blues" in his set list until he was 60 he can get away with anything.
 
candrew said:
Viagra commercials with current wife Melanie Hamrick. She turns to the camera and says, "even Mick sometimes needs a little start me up".
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Fathered his latest child at 78!?! I guess it worked.
 
I would only go to a Stones concert if a Rolling Stones tribute band opened up for them. That way I could leave early.
 
Cut-Throat said:
Never seen the Stones, but they are almost like the Mono Lisa nowadays.
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I like the Stones and the Mona Lisa. Nevertheless, when we were in Paris, I had no desire to fight the crowds at The Louvre to view the painting from a distance. Same applies with the Stones. Love their music. Concert ticket prices and having to watch them perform in cavernous venues, not so much.
 
Maybe the Stones are right!

I just read an article saying "In recent research conducted for the Alliance for Lifetime Income, Mr. Pfau found that adding an income annuity to a retirement portfolio allows a retiree to get the same or higher income with lower risk of outliving savings than an investment only approach."

I'm starting to appreciate income streams, after 6 years of retirement, as I just started to receive my MegaC annuity. I worked from 1981, they discontinued the pension plan in 1984, and I remember getting an annuity promise starting at 65, and thinking, that ought to pay for my golf dues. I overestimated, as it's only about 1/4 golf dues. Sad.

Immediateannuities.com tells me I'd get about a 6.6% ($550/mo on $100k) lifetime payout. That would about cover the golf dues.

If you have no pension besides SS, What's a reasonable % of your investments to immediate income. 20-50%?
 
gcgang said:
I just read an article saying "In recent research conducted for the Alliance for Lifetime Income, Mr. Pfau found that adding an income annuity to a retirement portfolio allows a retiree to get the same or higher income with lower risk of outliving savings than an investment only approach."
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Mr Pfau makes a very comfortable living from the insurance industry by writing about how wonderful annuities are.
 
REWahoo said:
Mr Pfau makes a very comfortable living from the insurance industry by writing about how wonderful annuities are.
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Who didn't know that? And did you see who conducted the "research"? Our original sponsor! My eyeballs evidently belong to them.

Yet, the idea of locking in some of the value of current investments, "Reduce Your Risk", especially after this long of a run in appreciation, converting to a reliable income, is a strong urge.

I suppose a way to approach would be to ask how much is needed to cover essentials, a "bare bones budget", and put that amount in fixed income streams. I think 30% of investments would be my max.
 
gcgang said:
Who didn't know that? And did you see who conducted the "research"? Our original sponsor! My eyeballs evidently belong to them.

Yet, the idea of locking in some of the value of current investments, "Reduce Your Risk", especially after this long of a run in appreciation, converting to a reliable income, is a strong urge.

I suppose a way to approach would be to ask how much is needed to cover essentials, a "bare bones budget", and put that amount in fixed income streams. I think 30% of investments would be my max.
Click to expand...

Shortly after that Kitces teamed up with Pfau and showed that you did even better with cash/short-term income. Then later Kitces rising equity glide path was developed.
 
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