Understanding guaranteed annuity benefit (Buy annuity)

Understanding guaranteed annuity benefit  (Buy annuity)

Understanding guaranteed annuity benefit 
When is a $179,000 "income base" worth only $121,000? When does a 7 percent "roll-up" end up as a mere 2.6 percent return?
Source: feeds.sun-sentinel.com

'Forced to buy an annuity' 
Don Hide, from High Wycombe in Buckinghamshire, was very happy taking an income from his pension fund each year via income drawdown. But last November Mr Hide was forced to buy an annuity because he had reached his 75th birthday.
Source: www.telegraph.co.uk

State slams school administrator perks 
WALL TOWNSHIP A state report on the pay and benefits of public school administrators raised eyebrows this week when it said that superintendents that already make well over $100,000 per year, among them Wall Township Superintendent Dr. James Habel, make thousands of dollars in benefits that are not stated publicly.
Source: www.thecoaststar.com

Payments for a lifetime 
QUESTION: I plan to retire in three years, and I'd like the peace of mind of steady payments. I have about $550,000 and plan to retire in three years at age 62. Would you suggest I buy an income annuity?
Source: money.cnn.com

Letters to the editor 
In a recent presidential news conference, Bush said Social Security and Medicare/Medicaid will bust (his word) the economy.
Source: www.herald-mail.com

Turner 'missed a trick' say actuaries 
Lord Turner's Pension Commission is to be criticised by the actuarial profession for failing to address how pensioners should spend their retirement savings.
Source: www.telegraph.co.uk