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 Peach Blossom Shangri-La 

 大家盡一點力來創造一個人間樂園 ∞ Let's all help to create a Shangri-La 

 

The first paragraph of a booklet titled "Consumer’s Guide to Fixed Deferred Annuities":

"An annuity is a contract in which an insurance company makes a series of income payments at regular intervals in return for the premium or premiums you have paid. Annuities are most often bought for future retirement income."

 

Consumer’s Guide to Fixed Deferred Annuities (Louisiana Department of Insurance)

 

Articles on Pros and Cons of annuities:

 

Abstract of a paper titled "Glide paths for a retirement plan with deferred annuities":

"We construct investment glide paths for a retirement plan using both traditional asset classes and deferred annuities. The glide paths are approximated by averaging the asset proportions of stochastic optimal investment solutions. The objective function consists of power utility in terms of secured retirement income from purchased deferred annuities, as well as a bequest that can be withdrawn before retirement. Compared with conventional glide paths and investment strategies, our deferred annuity-enhanced glide paths provide the investor with higher welfare gains, more efficient investment portfolios, and more responsive retirement income patterns and bequest levels to different fee structures and personal preferences."

 

Glide paths for a retirement plan with deferred annuities (Clare, et al.)

 

The first two paragraphs of a brochure titled "Annuities: Unsuitable Investments for Seniors":

"The senior citizen population is large, growing, and by some estimates, hold two-thirds of the individual wealth in the United States. By the year 2030, the number of seniors is projected to be twice as large as it was in 2000. Since many seniors have been able to save up a nest egg for their retirement years, they are often targeted with fraud in a way that younger people with no savings are not.

With billions of dollars in sales to be made, insurance companies may offer commissions as high as 10 percent to agents to sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect their interests. The Attorney General provides the following tips to consider before purchasing an annuity:"

 

Annuities: Unsuitable Investments for Seniors (Office of the Minnesota Attorney General)