Longevity Insurance

There’s an article in the WSJ on the new “longevity insurance” contract that Congress will allow you to buy inside your IRA/401k. The comments to the article are the best. Example:

{{ I’ve been looking for an investment that will pay me $0 for a minimum of 10 years, preferably 20 years…and will end with a guarantee of total 100% loss.

I’ve finally found it! }}

The cheapest “longevity insurance” you can “buy” is waiting until age 70 to collect Social Security. Anything an insurance company is selling you will have much higher costs.



We started discussing this earlier today on a different thread. I probably should have started a new thread instead…