TITLE

Study Touts Life Guarantees

PUB. DATE
June 2008
SOURCE
Best's Review;Jun2008, Vol. 109 Issue 2, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the findings of a study concerning guaranteed withdrawal benefit solution. It finds that when retirees withdraw at a rate of five percent, a larger inheritance funds will be left for heirs. However, retirees can exhaust their savings using withdrawals one-third of the time from target-date funds. The study, conducted by Prudential Financial Inc., uses investment strategies that guarantees a five percent lifetime withdrawal rate from an income base.
ACCESSION #
32712300

 

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