Retirement issue for chinese??..

Retirement issue for chinese??Retirement annuities may not be the way to go.  How retirement annuities work is that an insurance company has you give them your nest egg or other assets, and in return you get a monthly stipend for the rest of your life.  Now, this does guarantee that you'll get money, but your heirs will get nada.  What happened is that the insurance company reinvested your money and is giving you part of the dividends, keeping the rest, when you could liquidate all your investments upon retiring and putting it into savings, living off the interest.  That way, without needing retirement annuities, you put your golden years in your hands, and don't mandate your heirs needing quick payday loans at the end.