Buy annuity for a useful purpose

COMMENT POSTED IN MY BLOG

Hi,

I think you belong to the group of investment guru who will not buy annuity. For most people, they might not even know how to invest and might not even know about or understand annuity.

MY REPLY:

Annuity serves a useful purpose, for people who need it.

I will buy an annuity to give an annual payment to my children (instead of a lump sum that they can spent away all at once).

I will buy an annuity for my wife, so that she has a steady income for her lifetime.