10/3/09
Don't ever buy an annuity. I didn't buy one, but ended up getting one years ago when Hartford Insurance bailed out a real estate trust. Now I have to decide how to take the payout. How to get the most out of this meager investment before I die?
The choices are endless. Do I take larger monthly payments until I die, or be guaranteed a certain amount for 10 years with additional payments for life, or a guaranteed fixed amount for a specific time period? The actuarial combinations boggle the mind as you try to outsmart your own demise.
P.S. Since my father and grandfather lived to be 81, I am betting on living till 83 which makes taking the maximum monthly amount, ceasing upon death, worth the extra $10-20/month.
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Our Peace Corps Adventure on the South Pacific island nation of Samoa from 2007-2009 is over.The impact on our life is great. Please join us as the "Adventure" continues.
1 comment:
Poor Richie/Rich....why not donated it to the Peace Corps.for the poor people of Samoa that you spent your vacation with.
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