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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No they are not worth it. Only worth it to the broker who is selling it to you. What it is; you invest a chunk of money, say $1 million. You are guaranteed an amount of money every month or year for life, say $50,000 per year for life. Why it's bad; broker gets a big commission, and you can do better investing your money in an index fund for example, and get more than $50,000 per year[/quote] Assuming you are an investment wizard, how are you going to take care of longevity risk?[/quote] What risk? The million throws off way over fifty thousand forever. You have so much more control depending on how economy is doing. You can even leave extra in the account and let that grow. God help us all. Why isn't money taught in school. [/quote] FSA and CFA here. Thank you for the lecture, the school that taught you money apparently ended a few years early. [/quote]
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