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Reply to "ISO recs for a financial advisor who can help an elderly parent decide whether to convert TSP balance to an annuity"
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[quote=Anonymous]You do not need a financial advisor. You have the information already. Annuities especially from a tsp are designed to be actuarially neutral, meaning that the annuity provider less their fee expects them in average to pay out exactly what the account balance would have otherwise produced. Accordingly you are making a bet. Do you think your mother will outlive the average life expectancy of other 80 year olds. If yes and you are right it is financially advantageous to do the annuity. But in the end of the day you just don’t know. You just have to decide. Remember though it doesn’t have to be all or nothing. You can hedge your bets an annuities half. [/quote]
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