We'd need to run the models with equivalent assumptions and see which gives a better outcome. In terms of providing the desired income, total income generated, and remaining wealth.
Well, it depends what you mean by a "better outcome".
Is the Irish case all that relevant? Ireland doesn't have its own currency and my guess (correct me if I am wrong) is that there is very little home bias anymore in most pension funds under management.
A lot of listed Irish firms generate the bulk of revenues outside Ireland anyway.
An annuity of €30k that rises in line with inflation (capped @4%), would cost a 65 year old man about €1.25m.Annuity with no increases says I need 1 million, but will fail to meet my desired outcome due to no inflation increases.
An annuity of €30k that rises in line with inflation (capped @4%), would cost a 65 year old man about €1.25m.
That would cost around €2m.I underspecified, let's make it 60 year old couple with full payment till both dead, and inflation protection.
If you are living off your savings, I would suggest adjusting your asset allocation to match your residual liabilities after all guaranteed income (State pension, etc.) is taken into account.As most people have some level of constant not negotiable expenses, how do you suggest they decide how much to save to be able to cover them?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?