McQ, what's unfair? TIAA says, "As long as we are a viable business and you are alive, we will pay you 0.56*D dollars every year, and will probably also pay you 0.44*D dollars too." Other companies say, "As long as we are a viable business and you are alive, we will pay you E dollars every year." Isn't that accurate? Nothing fair or unfair about it--it's reality.
Perhaps D = E. Perhaps D > E (most likely scenario). Perhaps D < E (not likely). But even if D > E, 0.56*D is very likely to be < E.
The "viable business" part varies from insurer to insurer. Governments included here. And yes, extreme events happen. No quibble there.
We both understand that nothing in life is guaranteed, by its denotative definition. And we agree there is risk in *every* investment decision (or the failure to make one.) Risk and reward go hand in hand. To weigh those risks, however, one must first understand them, and TIAA makes that very difficult. It's easier with TIPS or with, eg. MassMutual, NYLife, etc.
Perhaps D = E. Perhaps D > E (most likely scenario). Perhaps D < E (not likely). But even if D > E, 0.56*D is very likely to be < E.
The "viable business" part varies from insurer to insurer. Governments included here. And yes, extreme events happen. No quibble there.
We both understand that nothing in life is guaranteed, by its denotative definition. And we agree there is risk in *every* investment decision (or the failure to make one.) Risk and reward go hand in hand. To weigh those risks, however, one must first understand them, and TIAA makes that very difficult. It's easier with TIPS or with, eg. MassMutual, NYLife, etc.
Statistics: Posted by syc — Wed May 15, 2024 10:50 pm — Replies 33 — Views 2771