Friday, February 15, 2008

 

SPIA Versus Retirement Endowments

Generally, there are two types of retirement assets: personal savings and IRA rollover accounts. But, some more fortunate among us have no choice — they have pensions that do not offer lump sums and are saddled with just cashing checks for the rest of their lives. Pardon the cynicism. The typical planner automatically adopts the endowment theory for personal savings and the systematic preservation of fully taxable IRA assets. What does this offer? Well, not much, to be honest; and probably not the best alternative.

SPIA Versus Retirement Endowments
Source: Producer's Web

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