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> Annuities require more starting wealth than safe retirement with equities. How would you create a "safe" retirement (meaning you won't outlive your money) an
by troupe 5y ago
> Annuities require more starting wealth than safe retirement with equities.
How would you create a "safe" retirement (meaning you won't outlive your money) and still end up with zero at the end. A "safe" retirement implies you are going to have money left when you die unless you spend you last dollar and then commit suicide.
- UncleMeat 5y agoAnnuities are the only option if you want to end with zero. But you can instead obtain an amount of money that will almost certainly not go below zero when invested in equities and then donate the remainder upon your death. This amount of money is lower than the amount required for an annuity. Thus, the distinction between "I want to die with precisely zero dollars" and "I don't want generational wealth transfer".