Friday, September 11, 2009
Study Supports a Strategy of Combining Income Annuities with Mutual Funds in Retirement
In a new research paper, a former U.S. Treasury official and a former World Bank economist suggest that a blend of mutual funds and income annuities is the best way to manage wealth and provide income in retirement.
Mark J. Warshawsky and Gaobo Pang put six payout methods through thousands of Monte Carlo simulations. Their findings show that, in terms of generating income and leaving a legacy, it makes sense to annuitize 25% of one's savings at retirement.
Study Supports a Strategy of Combining Income Annuities with Mutual Funds in Retirement
Source: Retirement Income Journal
Mark J. Warshawsky and Gaobo Pang put six payout methods through thousands of Monte Carlo simulations. Their findings show that, in terms of generating income and leaving a legacy, it makes sense to annuitize 25% of one's savings at retirement.
Study Supports a Strategy of Combining Income Annuities with Mutual Funds in Retirement
Source: Retirement Income Journal
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