Should Immediate Annuities Be a Tool in Your Retirement Planning Toolbox?
By Dale Maley
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About this ebook
This story story explores the option of annuitizing part of your retirement portfolio to reduce the risk of outliving your money. This story helps explains the pros and cons of using immediate annuities.
Dale Maley
Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros. He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning. He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers. He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning. He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990. Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.
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Book preview
Should Immediate Annuities Be a Tool in Your Retirement Planning Toolbox? - Dale Maley
Should Immediate Annuities Be a Tool in Your Retirement Planning Toolbox?
by
Dale C. Maley
SMASHWORDS EDITION
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PUBLISHED BY:
Artephius Publishing on Smashwords
Should Immediate Annuities Be a Tool in Your Retirement Planning Toolbox?
Copyright © 2011 by Dale C. Maley
All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.
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Table of Contents
Chapter 1
Introduction
Chapter 2
Immediate Annuity Definition
Chapter 3
Social Security and Defined Benefit Pension Plans
Chapter 4
Conventional Portfolio Distribution
Chapter 5
Immediate Annuities as an Alternative
Chapter 6
Previous Research
Chapter 7
Recent Monte Carlo Analysis
Chapter 8
Waiting until Age 75
Chapter 9
Insurance Company Bankruptcy
Chapter 10
Immediate Annuity Owners
Chapter 11
Summary
References
Recommended Reading
Web Sites
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Warning-Disclaimer
This book is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher and author are not engaged in rendering legal, accounting, insurance, or other professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.
It is not the purpose of this manual to reprint all the information that is otherwise available to the author and/or publisher, but to complement, amplify, and supplement other texts. You are urged to read all the available material, learn as much as possible about investing and to tailor the information to your