Tip:
Highlight text to annotate it
X
Something that is as easy as an annuity for us is now to have some forethought and know
that it’s going to provide us with an income for the rest of our lives. It’s going to
be with us dollar for dollar, day for day, into our retirement and happily into our old
age, and I just wish my grandparents had that. What’s comforting for me is not having to
look to investments like reverse mortgages. I know that my grandparents are in a position
now where they’ve been perhaps not as prudent with their money, and they’re looking to
things like the thing they live in. To turn around and try to reverse mortgage it just
to live is really frightening. So I’m happy that it’s working hard for us, and it’s
nice to have some alternatives. Its great to be in the stock market, we’ve got 401K’s,
I can’t sock it away under a floor board or in a cookie jar. We just think of annuities
as another vehicle, a necessary one.