A simple annuity is a good way to keep from running out of money, writes Michael Edesess.
The investment business is full of theories and recommendations about how to accumulate wealth. But the field has very little to say about the best ways to decumulate, or spend down wealth.
The best way to safely decumulate wealth It is with that in mind that I will explain the surprising result of my own research. Bengen assumed a portfolio of 60% stocks and 40% bonds. Because an investor wouldn’t have run out of money given the past history of the stock and bond markets, even over a long life, Bengen declared this withdrawal strategy “safe.”
Is this really the most that a retiree can spend with a high level of protection against running out of money? Simple annuity A simple annuity, also called a single premium immediate annuity or SPIA, is a financial instrument that guarantees you a consistent monthly income as long as you live. It should not be confused with the much more complicated, expensive, and much less useful annuities with other names, such as variable annuities or fixed-income annuities.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DBS first-quarter profit rises 8.5 percent on higher net interest incomeDBS Group Holdings Ltd, Southeast Asia's biggest lender, reported an 8.5 pe...
Read more »
Armed group stopping migrants on U.S.-Mexico border given deadline to moveUPDATE: Armed group stopping migrants on border has left campsite in New Mexico following request by Union Pacific Railroad - Police chief
Read more »
Could one of these four players be on the move during 2019 NFL draft?Gerald McCoy, Josh Rosen and other notable NFL players have uncertain futures with their current teams and could command a significant return.
Read more »
Why Amazon Is Moving To Make One-Day Prime Shipping The New NormAmazon just upped the ante for the retail industry once again, saying it is moving fast to evolve its signature two-day free shipping for Prime members into one-day free shipping.
Read more »
Leaving nuclear treaty one of Iran's 'numerous choices' after U.S. sanctions move: ZarifQuitting a treaty designed to stop the spread of nuclear weapons is one of Iran&...
Read more »
Iran says leaving nuclear treaty one of many options after U.S. sanctions moveIran said on Sunday it could quit a treaty against the spread of nuclear weapons...
Read more »
Why Amazon Is Moving To Make One-Day Prime Shipping The New NormAmazon just upped the ante for the retail industry once again, saying it is moving fast to evolve its signature two-day free shipping for Prime members into one-day free shipping.
Read more »
Why Amazon Is Moving To Make One-Day Prime Shipping The New NormAmazon just upped the ante for the retail industry once again, saying it is moving fast to evolve its signature two-day free shipping for Prime members into one-day free shipping.
Read more »
Why Amazon Is Moving To Make One-Day Prime Shipping The New NormAmazon just upped the ante for the retail industry once again, saying it is moving fast to evolve its signature two-day free shipping for Prime members into one-day free shipping.
Read more »
Labor union raises concern over Amazon’s move to one-day shippingAmazon.com Inc.’s move toward one-day free shipping may be good news for Prime subscribers, but not necessarily for those who work in Amazon’s warehouses.
Read more »
Amazon looks to give Prime customers one-day shipping, cutting free delivery time in halfAmazon.com Inc. expects to improve the delivery times for customers who sign up for its Prime subscription program, cutting free deliveries to one day...
Read more »