nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Ok, so some people will never buy an annuity because you give up your principal and some people buy them without much regard for the interest rate because it involves assumptions about longevity and an annuity is more about cash flow and a lower BP than investing. I'm not talking about the payout rate here, but the underlying interest rate that you need to do the present value calculation.
But what about those of us on the fence, how good would the annuity interest rate have to be before you bought it?
But what about those of us on the fence, how good would the annuity interest rate have to be before you bought it?
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