Longevity Report
Glossary:
Annuity
An annuity comes in many forms, but a simple definition is that an annuity is a contract that converts a sum of money into a series of periodic payments for an agreed upon period of time. An annuity can be thought of as a financial vehicle that converts a pool of money into a stream of income. Annuities are most useful in addressing the financial planning needs of people in or approaching retirement. Annuities are unique in the financial world because they can provide protection against the risk or outliving one’s assets (longevity risk) by guaranteeing income payments in perpetuity or any other selected amount of time. Annuities can be viewed as a type of personal pension plan. Social Security is similar to an annuity in that money contributed over the course of one’s working years is converted into a series of periodic payments that provide income during retirement.
Guaranteed Income Discussion
Submitted by tom on
Morningstar recently published a discussion (click here to read) between Moshe Milevsky, John Ameriks of
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Structured Sale Annuity to Defer Capital Gain ?
Submitted by Anonymous on
Jan 2010 : Wondering if anyone has any experience or recommendations regarding the use of an annuity as an alternative to a 1031C exchange. The goal is to defer significant capital gain on the sale of a second home, without having to purchase another property, as is required in a 1031. Thnx.
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Hedging Costs
Submitted by tom on
An interesting article (click here to read) from Darla Mercado at Investment News discusses
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Global Longevity Risk Exposure
Submitted by tom on
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