Subject: Re: I like annuities
Why even bother with an annuity at 80 or 85 or so?

As my wife once said, "Wait, if we had $1 million dollars we could just put it into a savings account and withdraw $50,000 a year and it would last 20 years?"

Yup.

Except that ignores interest. If the savings account paid after-tax 3% interest that $1M would last 29.5 years.

Your chances of living to age 100 or 105 is infinitesimal.

So self-annuitize.