Date: Tue, 27 Nov 2007 11:58:46 -0600
From: Hector Herrera 
Newsgroups: misc.invest.financial-plan
Subject: Re: Annuity with lifetime withdrawal and Guaranteed Benefit?
Cancel-Lock: sha1:vd3PkLYNcW6/I+hYBFdmGudEXI8=
FromStump: yes
	iQBVAwUAR0xa1/l/I4+O31e5AQH9mQH+JiU+YkkalKZm7YeRPZSSOt0hVWlUX8ms
	h6nPMlQFflZl1fCtu1Xyck9+2BK8uUSrgE42lJLmGqVBx0mQX7fJJA==
	=JPkE
Bytes: 3548

Ron Peterson  wrote:

>On Nov 21, 4:52 am, louise  wrote:
>
>> I'm 64.5 and recently received a few hundred thousand in
>> life insurance which I need to keep safe, but also need to
>> use earnings to help with living expenses.  Thus the
>> possible annuity.
>
>Use some of that money to postpone Social Security payments. That will
>increase your Social Security payments when you do start taking them.

Thanks to all for an excellent discussion on what to me are 
difficult and complicated decisions. One quick note about the SS 
payments, though. My parents died in their mid-seventies, so I 
have to infer (even though I don't smoke and do have a more active 
lifestyle) that I won't live more than a few years beyond what they 
got. Examining the money to be gained by postponing the Social 
Security, it looks as if I would have to live into my mid-eighties 
to profit thereby. Add to that the possibility that Congress will change 
the rules before I tap into the pot, it would seem wiser to 'take the 
money when you can get it'. 

(And the worst-case scenario? I get hit by a drunk driver at age 68, 
and don't get a penny of my money back!)  

HH