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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (90844)	5/31/2012 2:40:50 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 218621

basically an annuity ? let's hope interest rates do not remain low for ages :o(

To: Maurice Winn who wrote (90844)	5/31/2012 3:02:05 PM
From: carranza2	5 Recommendations Read Replies (1) \| Respond to of 218621

The difficulty in the scheme is not to guess how long the annuitant might live but to account for future inflation and interest rates in determining the payments under the annuity. If future inflation is substantial and/or currencies become de facto devalued via excessive printing, as I expect will happen, putting money into annuity that might produce a severely devalued income stream would be unwise. Add to the calculus the fact that annuities are priced substantially on the basis of current interest rates, which are presently very low, and it is easy to conclude that anyone who purchases an annuity now would get his money's worth unless he lives to an age much beyond actuarial calculations. I wouldn't buy an annuity under any circumsances. The fees can be outrageous.

To: Maurice Winn who wrote (90844)	6/1/2012 1:21:39 AM
From: Follies	1 Recommendation Read Replies (1) \| Respond to of 218621

What if you plan to live forever?

To: Maurice Winn who wrote (90844)	6/1/2012 7:22:13 AM
From: THE ANT	8 Recommendations Read Replies (2) \| Respond to of 218621

MQ in the US the stats from a geriatric epidemiology course I took at John Hopkins are as follows: In the US if you are Independent and 85 years old, within 2 years 50% of those people will have a major impairment in their ability to live independently.Have you ever seen an 85 year old laying on the side of the road? The government will take care of you.The quality of your life will likely suck one way or the other.I work as a physician in Nursing Homes. Do not plan for life after 85 years of age.Let what comes come.I have worked enough.I am in my early 50s and am dropping all work other than that I enjoy and keeps me intellectually sharp. .I will continue to give and work for charities that take care of the truely needy.Getting people to save for life after age 80-85 is just denial or one more lie we are told.One must be able to transition from work to leisure.Once there if you choose to return to work it will be more enjoyable