Personal Finance and Investing

Shermann

(8,914 posts)

2. I don't even understand why they have the annuity option

Mon Apr 13, 2020, 04:57 PM

Apr 2020

Nobody takes it, it makes zero financial sense except for maybe protecting you from yourself.

It's not a matter of getting more if you wait longer, it's designed to be a push in terms of value. If you won $10 million, would you want to invest 100% of it in an annuity? Don't you have enough to build a balanced portfolio?

It's also false advertising. How would you like it if we made a $20 bet, you won, and I paid you one dollar per year for the next 20 years. It's in the fine print, I get it.

Just cut the nonsense and make it lump sum only.

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Interesting recent announcement from the Powerball people, that reflects on bond yields.... [View all] A HERETIC I AM Apr 2020 OP

I found it very interesting. DEbluedude Apr 2020 #1

I don't even understand why they have the annuity option Shermann Apr 2020 #2

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