The NO Cost Annuity: 30+ Years of Income

By Dan Keppel

Income for 30 years or more Asset growth to outpace inflation Liquid reserves to cover emergencies Warren Buffett's retirement income plan Annuity costs can take 63% of our income We don't know how much money we will need in retirement. How many years will we need our nest egg to hatch an income? Can we get a large chunk of money for an emergency if we need it? The traditional answer that advisors provide when we ask "how can I be sure of an income for life" is the ANNUITY. In the past, many retirees could count on guaranteed income from a company-financed pension. Annuities were used to supplement pensions and Social Security benefits. Working people also did not realize how much they were losing from their total accumulations by paying an advisor fees every period. According to Vanguard's John Bogle, we can give up 63% of our nest egg when our mutual fund fees are 1-2%. In the same manner, annuities take billions of dollars from our retirement funds in exchange for a guaranteed stream of payments. And those payments can end at our death-our family legacy greatly reduced. Insurers keep the remainder of our annuity account. Worse, if we have a medical emergency, there are no refunds. Finally, if we live a long time, those 'guaranteed' payments lose purchasing power-our $1,000 a month income will buy only $500 worth of goods. We can avoid all of these possible losses.

• Format: Paperback
• Language: English
• ISBN: 1508487308
• ISBN13: 9781508487302
• Release Date: February 2015
• Publisher: Createspace Independent Publishing Platform
• Length: 202 Pages
• Weight: 0.61 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"