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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Make your own annunity without the[b] huge fees to a broker[/b]. It’s not hard.  [/quote]

You can buy low fee annuities-just don't go for all the bells and whistles. 
I plan on doing a QLAC with a portion of my retirement assets to adjust for longevity risk and to protect my basic livelihood if my spouse were to need LTC for a long time.  Most economists who study personal finance and who aren't trying to sell you something think at least a small amount of annuities make sense.   It also helps adjust your risk tolerance so you can invest more heavily in equities which will likely pay off more.[/quote]How does one plan for longevity risk?  You save/plan while young investing into 401-ks and IRAs and if possible brokerage accts.  Most working people when they retire will qualify for SS payments.  Which is an annuity payment.  So most people already own an annuity. No need to annuitize your retirement accts with an Insurance firm.    You can set up withdrawal plans/amounts as needed with your IRA administrator for income needs and RMDs. [/quote]

SS is not enough to cover my basic living expenses--esp if my spouse were to need LTC. I will have a small QLAC to cover the gap between SS and what I consider my basic needs .  I've done the modelling using a variety of tools--given my risk tolerance/assets and expense needs, this is the highest performing approach.  I can devote far more assets to equities if I put an annuity in place for age 80+.[/quote]
Okay I understand your strategy.  I'm assuming with the rise in rates, the returns on these QLAC products have risen also.  So to purchase this product now while rates are near? peak would make sense.  GL[/quote]

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