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67. Noel Whittaker - Australian Personal Finance Legend

Aussie Firebug

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Index One Annuities - Is That a Good Idea?

I know a woman aged 92 who gave it all away except the annuities. The trouble is if you don't buy an index one for inflation, it can become worthless. Every 100,000 of assets cost you 7,800 bucks. If you can drop $100,000 off your pension, that's giving you a 7.8 capital get 7.8% return guarantee.

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