Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Several years ago my spouse and I had a series of appts with a TIAA advisor. Spouse had contributed somewhere between $300k and $400k when he was working. We were there to figure out the best way to utilize it. We concluded a joint life annuity, while the payments were slightly lower, would be the best bet if I survived him. After his demise I would receive about $2200/month.
Six months later, he wouldn't talk about it when I asked if the checks had started coming in. He never signed the paperwork to initiate the annuity. So he is at risk of losing his entire investment if he dies before putting the annuity in place. He will be 71 next month.
Don't be stupid like my husband. Your wife deserves better. I deserved better, too, but apparently the head of the household disagreed.
There are so many negative threads and lists about your spouse but then you say he is the only person you could call when freaking out in your Arizona home during last year's lock down phase.
Maybe talking to him and treating him like an equal might improve your relationship. Otherwise can you use a PoA to sign up for this mystery meal?
Crazy ……the question is why ? And I know you don’t know the answer
I didn't, so I called him to find out.
The fact that he might have died in the several intervening years since we saw the TIAA advisor didn't seem to make a dent in his carapace.
He said that a joint-life annuity with him as the primary and me as the surviving spouse would only be a ten year contract. If he passes within the ten years, I'd receive payments only until the ten years were up. He said this was a bad deal.
He favors a single-life annuity solely for himself with a thirty year contract. You heard me right. This 71 year old man thinks he is going to beat the actuaries by living to 101. I looked at a life expectancy table. A 71 year old man has a life expectancy of 13.73 years. I'll be sure to send him a card on his 84th birthday.
The fact that he might have died in the several intervening years since we saw the TIAA advisor didn't seem to make a dent in his carapace.
He said that a joint-life annuity with him as the primary and me as the surviving spouse would only be a ten year contract. If he passes within the ten years, I'd receive payments only until the ten years were up. He said this was a bad deal.
He favors a single-life annuity solely for himself with a thirty year contract. You heard me right. This 71 year old man thinks he is going to beat the actuaries by living to 101. I looked at a life expectancy table. A 71 year old man has a life expectancy of 13.73 years. I'll be sure to send him a card on his 84th birthday.
You weren't far wrong when you said "Crazy."
Crazy is as crazy does. It takes two to tango. You need to sort this out, quickly.
It really can stress a relationship when two people are not on the same page financially…
I don’t make a move without consulting my wife , even if she has no clue what I am doing …
Since 80% of married men die married and 80% of married women die alone it is so important as a wife that you are aware of what is done and that you agree or you really need to step up to the plate and demand what you need to know.
I am very against women Just going along with whatever as long as they don’t have to take an active role
Crazy is as crazy does. It takes two to tango. You need to sort this out, quickly.
Can't. It's his separate property, as he reminded me yesterday. He can do any damfool thing he wants with it. If he wants to indulge a fantasy of living to 101, he can. What he doesn't realize is that if he beat the odds and lived to that ripe old age, everybody he ever cared about would be dead.
Last edited by fluffythewondercat; 12-19-2021 at 10:22 AM..
Can't. It's his separate property, as he reminded me yesterday. He can do any damfool thing he wants with it. If he wants to indulge a fantasy of living to 101, he can. What he doesn't realize is that if he beat the odds and lived to that ripe old age, everybody he ever cared about would be dead.
It seems until death do us part isn’t as much a wedding vow as it is a goal
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
