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Savings and Investments thread

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  • Dippenhall
    Dippenhall Posts: 3,922
    There’s only one thing to understand about an annuity, it’s insurance against living too long.

    You will not be able to plan with precision whether to buy an annuity or not unless you know when you will die.

    Statistically, on average, buying an annuity delivers value when purchased after age 70 but less likely at younger ages.
  • golfaddick
    golfaddick Posts: 33,732
    wwaddick said:
    Anybody know whether purchased life annuities compare rates-wise to pension based ones?
    I believe they are the same. They are still based on life expectancy so I don't think it matters where the money comes from. 

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