{"id":1062,"date":"2013-01-21T11:45:30","date_gmt":"2013-01-21T16:45:30","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=1062"},"modified":"2013-01-21T11:48:48","modified_gmt":"2013-01-21T16:48:48","slug":"why-you-should-think-about-buying-an-annuity-at-age-75","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/why-you-should-think-about-buying-an-annuity-at-age-75","title":{"rendered":"Why you should think about buying an annuity at age 75"},"content":{"rendered":"
\n

“What’s the benefit of waiting until 75 and how much of a penalty in returns is there with an annuity?”<\/em><\/p>\n

Below are my comments to The Globe and Mail Video: Why you should think about buying an annuity at age 75<\/a><\/p>\n

\"\"<\/p>\n

<\/a>Well, here we go again with someone who does not deal with the man on the street and does not understand the questions involved.<\/p>\n

Most clients are not fancy pants people with large corporate pensions and multiple sources of income.but working men and women with jobs and small businesses.<\/p>\n

Your interviewee proposes that waiting to 75, which is beyond life expectancy, to take an annuity is a good idea! Why not wait longer?<\/p>\n

Very few people who are not active in financial firms have any good knowledge of markets,probabilities and financial products in general.They want a guaranteed income,without the fluctuations of the stock market or interest rates.<\/p>\n

And my clients will be interested to hear that people were not buying annuities 15 years ago;this is just nonsense.Interest rates were higher but that is not why they were buying.They were buying guaranteed income,the same as today.<\/p>\n

There are more important factors than interest rates,when deciding if and when to buy.Increasing longevity,your health,financial need and your own ages are just some of them.<\/p>\n

Buying an annuity is personal, not a one-size-fits-all, product.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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