The No Cost Annuity : 30+ Years of Income
Income for 30 years or more Asset growth to outpace inflation Liquid reserves to cover emergencies Warren Buffett's retirement income plan Annuity costs can take 63% of our income We don't know how much money we will need in retirement. How many years will we need our nest egg to hatch an income? Can we get a large chunk of money for an emergency if we need it? The traditional answer that advisors provide when we ask "how can I be sure of an income for life" is the ANNUITY. In the past, many retirees could count on guaranteed income from a company-financed pension. Annuities were used to supplement pensions and Social Security benefits. Working people also did not realize how much they were losing from their total accumulations by paying an advisor fees every period. According to Vanguard's John Bogle, we can give up 63% of our nest egg when our mutual fund fees are 1-2%. In the same manner, annuities take billions of dollars from our retirement funds in exchange for a guaranteed stream of payments. And those payments can end at our death-our family legacy greatly reduced. Insurers keep the remainder of our annuity account. Worse, if we have a medical emergency, there are no refunds. Finally, if we live a long time, those 'guaranteed' payments lose purchasing power-our $1,000 a month income will buy only $500 worth of goods. We can avoid all of these possible losses.
- Paperback | 200 pages
- 152.4 x 228.6 x 11.68mm | 362.87g
- 19 Feb 2015
- Createspace Independent Publishing Platform
- United States
- black & white illustrations
About Dan Daniel Keppel Mba
Dan Keppel has been helping people find financial services that fit their lifestyles since working in a securities firm, an insurer, two banks and his own MoneyCoach service. His book, The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year, shows you how, what and where to buy financial products like industry insiders do-directly from the highest rated companies for less. He edits TheInsidersGuides.com and was an adjunct at a local college. He lives in Montclair, NJ with his wife, daughter and two cats, Anu and Katze. He recently lost his Dad who he helped navigate years in retirement and two nursing homes.