Deferred Income Annuities Before Retirement
- Most deferred income annuities (DIAs) have a relatively short deferral period, making them particularly appealing to clients nearing retirement who value the ability to plan on a fixed, nominal income stream after retirement.
- Unlike long-term deferral period annuities (longevity insurance) that are primarily meant to protect against longevity risk, a short-term deferral period annuity can provide a steady income to pre-fund retirement spending over the entire retirement life cycle.
Finke, Michael and Pfau, Wade D. PhD, "Deferred Income Annuities Before Retirement" (2015). Faculty Publications. 552.