My comments to “Should you consider an annuity?” by Kevin Press at BrighterLife.ca
Should you consider an annuity? An annuity’s promise of guaranteed income is attractive in volatile markets. http://t.co/rEt78fYhZ0
— Ivon T Hughes (@LifeAnnuities) September 25, 2014
Mr Press has emphasized perhaps the most important element in the purchase of annuities today.
As the largest seller of life annuities in Canada, in which we specialize at www.lifeannuities.com, we find that that most people seem to believe that it is 1-5 year GIC rates which set the scenario for the payouts which is not true at all.
And even if long term bond rates do rise,there is still no guarantee that annuity rates will go up. And of course you are getting older and losing time to enjoy the income.You might want to read ” Retirement Income; income that lasts a lifetime ” which you can find here. Hopefully it will give you some ideas.