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Benquo comments on Why is it rational to invest in retirement? I don't get it. - Less Wrong Discussion

20 Post author: diegocaleiro 16 May 2013 01:28AM

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Comment author: Benquo 17 May 2013 03:38:15AM 1 point [-]

That article is about deferred annuities which when used correctly are basically a tax-advantaged retirement account. There are lots of kinds of deferred annuities, some of which are gimmicky, all of which charge some fees to capture some of the tax subsidy.

Immediate annuities are "death insurance."