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Investing/Strategies / Retirement Investing
|Subject: Re: Income Planning Assumption||Date: 6/8/2007 12:21 PM|
|Author: JAFO31||Number: 57823 of 81633|
JAFO31: <<<<Inquiring minds want to know, are the immediate annuities available to those of normal retirement age - say 62 - 67, that pay guaranteed 6-7% for life, adjust for inflation, and that include either a minimum pay term or some return of premium?>>>>
"I just ran the numbers for a 65-year-old male using Vanguard's Annuity Online Quotes
$100,000 annuity = $8,020/yr.
$100,000 annuity with inflation adjustment = $5,930/yr.
$100,000 annuity with inflation adjustment and full cash refund = $5,400/yr."
That would be 8%, 5.9% and 5.4%, respectively, so the only way to get 6-7% is without inflation adjustment or premium refund, as I originally suspected.
intercst - Thanks.
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