Comments on: Dying With Zero (Pt. 2): Stocks Vs. Annuities

By: Randolph H

Randolph H — Wed, 02 Aug 2023 23:22:53 +0000

In reply to billyrayband. Sure but an annuity is insurance, no different than multiple other types of insurance we pay for to reduce risk. We can almost always self insure, but that creates a different risk

By: noel rutherford

noel rutherford — Wed, 02 Aug 2023 00:27:41 +0000

My mom got suckered into a terrible 2% lifetime annuity 10 years ago with a ten-year maturity date. I’m in the process of moving those funds into a money market account paying 5%. Insurance companies are experts at taking advantage of fearful retirees.

By: Larry Hobbs

Larry Hobbs — Tue, 01 Aug 2023 00:59:22 +0000

And they thought was not a fire fighter in the past. Good video

By: nopotall

nopotall — Tue, 01 Aug 2023 00:18:50 +0000

Excellent analysis, Eric.

By: Tommy Foret

Tommy Foret — Mon, 31 Jul 2023 21:29:30 +0000

I really like jazz videos. Thanks, but I don’t understand how someone can worry about dying with money. Living without money is the reason for investment and working so we can live comfortably. I could be wrong I think when we are dead we don’t need money. Just joking I understand that your job is too give someone a plan for what they want.

By: Matt Schwab

Matt Schwab — Mon, 31 Jul 2023 21:18:20 +0000

Great video!

By: Ben K

Ben K — Mon, 31 Jul 2023 21:00:33 +0000

So the bottom line is if you really don’t want to leave anything behind the annuity will give you more income vs a retirement plan with 90-95% confidence.

Sure no one should buy it because people should leave money behind, but gotta be fair in the math.

Also that 3% commission on the annuity is small faction of what is spent on full service financial advice.

The best advice to deal with long life risk is delaying social security to 70.. which, by the way, is an inflation protected annuity.

By: X

Mon, 31 Jul 2023 20:35:46 +0000

In reply to Mainer_ In_Texas – Gordon –.

I’ve never been able to find out what their average returns are for managed money.

By: X

Mon, 31 Jul 2023 20:32:10 +0000

In reply to billyrayband. The concept is to create security for those that can't handle risk. Of course that costs something but it all comes down to each individual and their personal situation.

By: Michael Sills

Michael Sills — Mon, 31 Jul 2023 19:22:19 +0000

In reply to Dustin Dodge. I'm sure as hell not one of them! But the man could better demonstrate his point.