There are NO good annuities UNLESS they pay 14% with an inflation adjuster. It will never happen. Annuities are legal theft sold by overpaid "sales" people. RUN when you hear the word annuity. Take your assets to some other type of investment including low operating costs index funds.
Kudos to you for covering several often missed points regarding the marriage survivor. There was an additional very important topic which was NOT addressed in this excellent document.
Yes I have a late in life second marriage of now 16 years with a spouse 14 years younger AND 4 adult well educated children. There is NO debt or payments of any type except property taxes/insurance. There are 2 homes without mortgages, several pensions(some with residuals or joint), a respectable social security monthly check, a respectable sized investment account, LTC policy for both, & a complete paid medical, dental & eye ware plan. Then a psychopath called Trump got in the way saying I can NOT leave any monetary instrument (think TRUST) to my children for over 10 years. In order to properly & ethically treat MY own children, I am now faced with reducing benefits to my spouse. This is NOT what I desire NOR in the long term best interest of MY family. I worked 69 years and this is my reward?
RR$, Ph.D.
Comments:
There are NO good annuities UNLESS they pay 14% with an inflation adjuster. It will never happen. Annuities are legal theft sold by overpaid "sales" people. RUN when you hear the word annuity. Take your assets to some other type of investment including low operating costs index funds.
Post: Start Here, Go Anywhere
Link to comment from April 17, 2022
Kudos to you for covering several often missed points regarding the marriage survivor. There was an additional very important topic which was NOT addressed in this excellent document. Yes I have a late in life second marriage of now 16 years with a spouse 14 years younger AND 4 adult well educated children. There is NO debt or payments of any type except property taxes/insurance. There are 2 homes without mortgages, several pensions(some with residuals or joint), a respectable social security monthly check, a respectable sized investment account, LTC policy for both, & a complete paid medical, dental & eye ware plan. Then a psychopath called Trump got in the way saying I can NOT leave any monetary instrument (think TRUST) to my children for over 10 years. In order to properly & ethically treat MY own children, I am now faced with reducing benefits to my spouse. This is NOT what I desire NOR in the long term best interest of MY family. I worked 69 years and this is my reward? RR$, Ph.D.
Post: After You Leave
Link to comment from February 20, 2022