Lifetime Income Annuity With Increasing Payments | Cost Of Living Adjustment (COLA) Breakeven times!

1 year ago
11

Immediate Annuity Longevity Annuities

Lifetime Income Annuity With Increasing Payments
Cost Of Living Adjustment (COLA)

When is the breakeven point.

Why do most people take the non-increasing income payments.

SAMPLE - Male age 60
$1,000 per month increasing 3% Annually premium cost = $227,174.35
$1,000 per month with NO Annually premium cost = $164,754.14

Breakeven incomes are equal in 11 years
Total returns are equal in year 22

COLA's for NON_Qualified funds, after tax money works best.
Qualified fund will have limitations and restrictions.

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