There is a good article on the use of immediate annuities by Walter Updegrave who is a senior editor at Money Magazine.
The article discusses how to think about an immediate annuity in light of other guaranteed payments from Social Security or a pension plan.
Laddering of annuity purchases is discussed.
Age and timing of an annuity purchase is addressed, as is the concept of the mortality yield or mortality credit.
Source: Money Magazine
Glossary:
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