Get a free Annuity Quote! Visit us at www.LifeAnnuities.com or call us Toll Free 877-842-3863.
Canada Wednesday, June 28, 2017

Calculate your
Annuity

 

Get your Free, No Risk, No Obligation annuity rate.

Exclusive annuity rates from the best insurance companies in Canada delivered to your inbox.

calculate your annuity rate

 

 

My Comments on "How annuities can gold-plate a silver pension" by Rob Carrick

 

ivon t hughes

February 25, 2015

 

by

Ivon T Hughes

 

 

Here are some comments on Rob Carricks' recent article on defined pension plans and their similarities to annuities "How annuities can gold-plate a silver pension".

 

 

On December 18, 2013 I wrote an article "Let's Talk About Retirement Income" including some comments on annuities which bear repeating.

 

1. If you have a pension plan from work, that is an anniity.

 

2. If you have a government pension, that is an annuity.

 

3. Any other life guaranteed income, is an annuity.

 

So why the fuss? As Rob points out, defined benefit plans payout pensions are similar to annuities. If the above pensions are sufficient guaranteed income for you, consider taking your investment chances elsewhere in funds or stocks. And I repeat" the best reason to buy an annuity rests with you and your lifestyle."

 

And two other items I raised in that article were longevity and health which were not discussed here. Apart from living a long time, consider will you do so in good health? Capital sums, providing guaranteed income, could be crucial if you get sick! Voltaire on his death bed, was asked to renounce the devil and he replied that this was no time to start making enemies. Nor is the later stage in life the time to start investing in sometimes volatile products that can't guarantee a healthy cheque each month for your lifetime.

 

About the Author:

Ivon T Hughes is a leading expert in life annuities in Canada. His website LifeAnnuities.com is a recognized authority on annuities. He's also an established insurance and investment broker, licensed across Canada through The Hughes Trustco Group since 1972. Recently, he's been redefining how annuities are sold in Canada.

 

Life Annuities Twiiter YouTube Facebook Pinterest RSS Feed Linkedin G plus

Our Company

Annuity Downloads

Annuity Information

Annuity Rates

The Hughes Trustco Group | Website: LifeAnnuities.com | Email: info@trustco.ca | Toll Free: 877-842-3863
Download our free Life Annuities Ebook and Company Brochures at LifeAnnuities.com.