The Government has today released exposure draft legislation to ensure that a reversionary Transition to Retirement
Income Stream (TRIS) will always be allowed to automatically transfer to eligible dependants upon the death of the primary recipient.
Synopsis: Most non-retired investors value having a guaranteed
income stream in retirement, aside from Social Security.
Fixed immediate annuities for a guaranteed
income streamTo protect yourself from being financially crippled, its good to start looking for another
income stream, whether its your own business or investments.
Find the discount rate the factoring company has applied to the
income stream to arrive at the lump-sum amount.
Great business for existing operator as add-on or entrepreneur looking for a solid
income stream.
Pre-
income stream flexibility--There is broad flexibility for clients to change the income start date; select or change multiple
income stream start dates; increase or decrease
income stream(s); or opt in or opt out of
income stream(s).
The higher the percentage of assets required to produce the
income stream, the more a guaranteed product may be needed.
That
income stream can be provided by fixed annuities.
In November 2006, Prudential Financial launched Highest Daily Lifetime Five, which guarantees an annual 5%
income stream for life based on 5% annual compounded growth on the highest daily protected value.
But when the corporate sector starts paying down debt while the household sector continues to save, a leakage to the
income stream equivalent to the sum of household savings and corporate debt repayment is created.
Paul then sells his business to the Company for $5 million, payable as a lifetime
income stream.
