New article with Mike Campbell

[HomerMcvie]

Originally Posted by BigAl84

People hate on annuities, but there's nothing wrong with buying a little peace of mind knowing you will have a guaranteed cash flow coming in despite whatever the market is doing.

That's IT. I've got no kids to worry about. I've got two financial planners, and we went through ALL the options, marking them off one by one, until we were left with annuities. It's about guaranteed cash flow for the rest of your life. Now, that said.......if I die before about 77, I lost, because it takes that long to be into "THEIR" money. But if I live to be 95, I was sucking off of their teat for the last 18 years. It's a gamble. But like I said, my greatest fear is outliving the money. I can't, this way. Hell, if I KNEW I was going to die at 65, I could be traveling the world constantly, NOW. With my luck, I'll probably die the day I enter into THEIR money territory.

EDIT - I'll add, that if you find out that you're terminally ill, you CAN cash it out, and spend your money on hookers and blow.