Lump Sum

A single and comprehensive payment.

Teresa Ghilarducci on Pension Reform

Teresa Ghilarducci is a staunch advocate of comprehensive...

Longevity Risk and Portfolio Protection Without a Variable Annuity

Two of the most daunting risks faced by the majority of retirees are:

401k Participants Can "Replace a Chance with a Guarantee"

Larger 401k accounts (in excess of $200,000) dropped 25% on average in 2008. 95% percent of participants in defined contribution style 401k plans would pursue a "cash out" option if offered--essentially taking the lump sum of accumulated assets rather than an option to turn that pool of assets into a guaranteed stream of income . Only 25% of participants in defined benefit pension programs would accept the same lump sum "cash out" offer.

Calculating the Value of a Longevity Annuity

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

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