Submitted by Anonymous on
All of the gold bugs and end-of-days crew can rest easy knowing that there is another inflation protected fixed annuity on the market.
Buyers of fixed annuities--and there have been many of them over the past several years--might just be making one of the biggest financial mistakes in history.
Inflation will crush anyone who has locked-in super low income payments from a fixed annuity.
The fear-factor and desire to have fixed payments is understandable given all of the stuff that has taken place in global financial markets over the past 3 decades.
The fear may be clouding the much larger long-term risk presented by inflation.
Anyone making a long-term, multi-decade bet with a fixed annuity should most certainly think about having some inflation protection.
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