Pensionize Your Nest Egg Income annuities Pension CANNEX SPIA SPDA. 4 Oct There are only so many ways to save money and perfect your asset allocation. When I heard about Pensionize Your Nest Egg, I got excited. 1 Jun There are two central messages of the book Pensionize Your Nest Egg, by Moshe Milevsky and Alexandra Macqueen. The first is that having.

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I am with the rest of you in that I can’t see buying annuities given the high costs and good ETF alternatives available. Does a great job of explaining how annuities work.

Pensionize Your Nest Egg – A Review

I agree with your other suggestions. By comparing the ILY to the return from an alternative liquid investment with similar levels of guarantees over the waiting period, you can quantify any additional return from an income annuity. Thanks for the penssionize Mike.

See pensioize on Amazon now. Macqueen have updated and revised this new edition to include information for retirees who live in the United States, the United Kingdom, Canada, Australia, and New Zealand. Have you read the book?

Up a Creek Without a Pension Paddle. No content on this rgg may be reused in any fashion without written permission from Money Smarts Blog. Since then became a mathematician, then a consultant and risk manager.

Still since it is pretty much just a pure insurance product without a bunch of other additional pretend benefits, some people may chose to purchase it for basic needs.


Pensionize Your Nest Egg

Anyone else believe that this website takes away from the objectivity of the book? This idea of delaying the decision or leaving that option open seems like a measure that might leave ypur unsophisticated client feeling good, but actually worse off financially.

The ILY tool, described above, does not take future changes in interest rates into account. CanadianInvestor June 1, at 8: Identify Your Desired Retirement Income. Revisiting the Two Gertrudes White Coat Investor December 6, at 3: Pensioinze in point where this has happened before with insurance products are the class-action lawsuits over vanishing-premium life-insurance polices, and the dramatic hikes to premiums that universal life-insurance policy holders now face see the post in Million Dollar Journey blog.

Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life

Insurance companies dont have magical investments and thus they dont have a good way of predicting inflation either. Once you add in any investment component, pnesionize less sense. Michael James June 2, at Request permission to reuse content from this site. Pension Contributions as Insurance Premiums.

Anonymous June 1, at 7: The offered remedies for all best these problems are various types of annuities sold by insurance companies. I had very high hopes for the book, and it is still useful for the right person, but it left me somewhat disappointed in what it did not cover.

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I struggle with various methods of funding a retirement. Only if you want to leave nrst money for your kids and tie the payment to the timing of death. Permissions Request permission to reuse content from this site.

What Should You Penxionize Against: What about Interest Rates? Garth June 1, at 5: The first is that having assets saved for retirement is not the same as having a pension. I think any well-run tontine should probably have rules about shutting down and distributing assets in the event that the number of participants drops below some threshold.

Michael James on Money: Pensionize Your Nest Egg

I think it would take far more than people pooling risk, mainly because we wouldn’t want anyone to derive significant benefit from bumping off other pool members. White Coat Investor December 5, at And unlike insurance products that protect against catastrophic events, such as fire, death, and disability, in this case if your investment income is dropping, it will be incremental and partial, not total, so you can adjust your spending accordingly, making the insurance aspect less attractive.

It also seems a good alternative to LTC insurance to me.