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Lifetime Income Annuity With Increasing Payments | Cost Of Living Adjustment (COLA) Breakeven times!
Immediate Annuity Longevity Annuities
Lifetime Income Annuity With Increasing Payments
Cost Of Living Adjustment (COLA)
When is the breakeven point.
Why do most people take the non-increasing income payments.
SAMPLE - Male age 60
$1,000 per month increasing 3% Annually premium cost = $227,174.35
$1,000 per month with NO Annually premium cost = $164,754.14
Breakeven incomes are equal in 11 years
Total returns are equal in year 22
COLA's for NON_Qualified funds, after tax money works best.
Qualified fund will have limitations and restrictions.
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