• High Fees and Expenses
• The Hard Sell
• Complexity
• Lack of Good Information
• Loss of Control
• Liquidity Constraints
• Bequest Constraints
• Credit Risk
• Misrepresentation

• Probate Avoidance
• Financial Legacy and Bequest Motives
• Asset Protection
• Suitability
• Interest Rates
• Guaranteed Death Benefits

The following are a few key concepts to think about, look for, or listen to when developing a financial plan:

Information Gathering: This is one of the first steps in the financial planning process.  Your financial advisor should gather quite a bit of information about you and your current financial status.

Thanks for reaching-out.

It is generally very difficult if not impossible to provide a simple yes/no answer to this type of question without having much more detail regarding your situation and needs.  That said, here are some things to think about:

A longevity annuity is arguably the most efficient way to insure longevity risk. 

Consider the following example to see why this is the case:

This forum topic is a continuation of a good question/comment that can be found here: http://www.annuitydigest.com/blog/tom/who-really-needs-annuity#comment-182

Two industry-leading consultants have published a study that compares a range of wealth management strategies that are available to individuals in retirement.

None of the strategies are dominant on an overall basis, but certain approaches show clear strengths in terms of income generation, levels of wealth, and the impact on bequest motives.

The dramatic impact of product fees is also addressed.

Six different retirement strategies are discussed:

John Bogle thinks that the notion of leaving an inheritance is nice but certainly not essential.

The Vanguard founder suggests that paying attention to one's personal finances and standard of living in retirement trumps the bequest motive since adult children should be able to take care of themselves: