Tag Archives: income stream

Life annuity retirement income

Risk of Living too Long negated through life annuity Ensuring retirement income stream over remainder of one’s life is the key purpose of the superannuation system.  The benefits of taking out a life annuity are explained but, for the reasons … Continue reading

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How much superannuation is necessary

Superannuation is made up of: the accumulated contributions made into the fund over a person’s working life, and probably the value of life insurance in the event of premature death The question you need to ask yourself is: How can … Continue reading

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An income stream for life

An income from superannuation lump sum The following simple story aims to explain the difference between a superannuation lump sum payout  or a lump sum payout from life insurance policy and a regular income. Suppose you went to a building contractor … Continue reading

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What is an annuity?

An annuity is a financial product paying an income stream to the buyer for a period of time.  The income stream is paid monthly (or quarterly, semi-annually , or annually). The person receiving the income is usually the buyer or, spouse or, children … Continue reading

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