Podcasts about longevity insurance

York University Professor Moshe Milevsky, today’s foremost authority on retirement finance, discusses his new book, “Longevity Insurance for a Biological Age,” which provocatively asks: “What if the number of years planet earth has circled the sun with you as a passenger is the wrong metric?” Milevsky thinks chronological age is indeed a poor metric, which distorts one’s work strategy, asset allocation and everything else that in actuality keys off one’s biological age. He says a shift to biological thinking will one day make annuities as “legitimate” as life insurance now is. He recounts his rationale for purchasing a deferred income annuity and the strong negative reaction it induced in others, and explains the difference between investment and insurance, and why both are needed.

A Tax Credit Longevity Annuity Plan, or TCLAP, would create tax-favored private pension plans while also providing for long-term care benefits. The post The Perfect Storm for a Tax Credit Longevity Annuity Plan appeared first on Retirement Income Center.

A Tax Credit Longevity Annuity Plan, or TCLAP, would create tax-favored private pension plans while also providing for long-term care benefits.

If you rely on life expectancy as the basis for all of your retirement planning decisions, there's a 50% chance that you're projected to outlive your assets. The post Life Expectancy: Err on the Optimistic Side appeared first on Retirement Income Center.

If you rely on life expectancy as the basis for all of your retirement planning decisions, there's a 50% chance that you're projected to outlive your assets.

I was recently asked by CNBC personal finance writer Tom Anderson, who was writing a story on qualified longevity annuity contracts, or QLACs, “What are the biggest mistakes clients make when buying QLACs?” My answer, which was quoted in Tom’s September 9th An Option for Those Who Fear Outliving Their Money article, was not purchasing a […] The post Don’t Defer Your QLAC Purchase appeared first on Retirement Income Center.

I was recently asked by CNBC personal finance writer Tom Anderson, who was writing a story on qualified longevity annuity contracts, or QLACs, “What are the biggest mistakes clients make when buying QLACs?” My answer, which was quoted in Tom’s September 9th An Option for Those Who Fear Outliving Their Money article, was not purchasing a […]

Since the Treasury and IRS finalized a regulation in the beginning of July blessing the use of qualified longevity annuity contracts, or "QLAC's," a lot of people have been wondering when and where they can buy one. The post QLACs are Here appeared first on Retirement Income Center.

Since the Treasury and IRS finalized a regulation in the beginning of July blessing the use of qualified longevity annuity contracts, or "QLAC's," a lot of people have been wondering when and where they can buy one.

The most recent potential retirement income planning game-changer, qualified longevity annuity contracts, or "QLAC's," have received a fair amount of press since the Treasury and IRS finalized a regulation in the beginning of July blessing their use. The post Don’t Expect to See QLAC’s Soon appeared first on Retirement Income Center.

The most recent potential retirement income planning game-changer, qualified longevity annuity contracts, or "QLAC's," have received a fair amount of press since the Treasury and IRS finalized a regulation in the beginning of July blessing their use.

Although DIAs and FIAs with income riders may be purchased to provide what's marketed as longevity insurance, this is only one application of both products. The post Longevity Insurance is an App appeared first on Retirement Income Center.

Although DIAs and FIAs with income riders may be purchased to provide what's marketed as longevity insurance, this is only one application of both products.

Longevity insurance is one application of different types of fixed income annuity products offered by life insurance companies to meet income needs. The post Insure Your Longevity appeared first on Retirement Income Center.

Longevity insurance is one application of different types of fixed income annuity products offered by life insurance companies to meet income needs.

As with all retirement income planning goals, you need to work backwards from your target date, which would be the age at which you would like to retire.