An annuity that pays now and forever
Source
http://www.kiplinger.com/features/archives/2009/06/krr_an_annuity_that_pays_now_and_forever.html
Date
Media Outlet
Kiplinger's Retirement Report
The Academy's Senior Pension Fellow Frank Todisco was quoted in a financial feature on annuities. Todisco said that immediate fixed annuities, like defined benefit pensions, protect against the risk of living so long that you run out of money.
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