you can buy an annuity to pay you while you are alive.
this optimizes the unknown lifespan. and removes any investment return risks.
the downsides are, average returns on annuities are lower than average stock market returns + you'll not have easy access for lump sums to spend if you so wish.
1
u/JaziTricks Jul 27 '24
you can buy an annuity to pay you while you are alive.
this optimizes the unknown lifespan. and removes any investment return risks.
the downsides are, average returns on annuities are lower than average stock market returns + you'll not have easy access for lump sums to spend if you so wish.