Talk:Immediate fixed annuity

Reference links, if available, should be placed where appropriate. Blbarnitz 09:38, 5 November 2009 (UTC)

I feel that Fig. 1 is misleading for an article on annuities. This plot shows life expectancy at birth (age=0). But it would be more useful to show the reader a plot of expected death age for a person having a current age typical of an annuity purchaser, perhaps at age 60.

The Social Security study you referenced for your Fig. 1 (SS Study 120) has actuarial data grouped by birth year cohorts. For example, there is a separate table of data for those born in 1950 (currently age 62). Other birth decades have separate and different tables of actuarial data. I have a Joint Life Expectancy Excel spreadsheet (probability of death for men, women and last to die for married couple) that has been programmed with actuarial data for both the 1950 and the 1960 birth year cohorts from SS Study 120. If you wanted to play around with this spreadsheet, I'd be glad to send you a copy. I use this data (especially for the 1960 birth year cohort) in my Retirement Planning class to illustrate odds of living into the 90's and how that should impact retirement savings and spending plans. ThePrune 11:42, 25 February 2012 (CST)


 * I switched the chart to age 65.--Blbarnitz 14:34, 25 February 2012 (CST)

Inclusion of "the basics" descriptions has resulted in my finally understanding of how these products work. Thank you!

--LadyGeek 21:08, 26 February 2012 (CST)
 * I assume there will be more descriptions under Fixed payment method and Inflation Indexed headings, as the images are right-justified. If not, let me know if I can help with the formatting.