annuitization
Lump-sum stream conversion
Annuitization is the conversion of an accumulated sum into a stream of periodic payments.
Typically used in retirement planning, it transforms a lump sum in an annuity contract into guaranteed income: She chose annuitization at 65, converting her savings into monthly payments for life.
Once annuitized, the decision is usually irreversible.
Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
- pensionRetiree's ongoing benefit
- Social SecurityFederal old-age insurance program
retiree · nest egg · decumulation · retirement income · nonqualified · tax-deferred · rollover · retirement planning
Money distributed to recipient
- paymentsMoney given for obligations
- disbursementDistribution of funds
- installmentsPeriodic partial payments
- cashflowNet money movement
monthly benefit · income stream · distribution · guaranteed income · payment schedule · fixed payments · lifetime income · periodic payments
Financial risk analyst
- underwriterOne who assumes financial risk
- policyholderOwner of insurance contract
- beneficiaryDesignated asset receiver
- premiumAdded cost for better
coverage · life insurance · carrier · insurer · contract · rider · death benefit · exclusion
Average anticipated survival duration
Collected works or assets
- assetsOwned items of value
- securitiesTradeable financial assets
- capitalWealth used for investment
- principalChief school administrator
growth · return · yield · subaccounts
401(k)
Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- Roth IRATax-advantaged retirement account
- pensionRetiree's ongoing benefit
Social Security · retiree · nest egg · decumulation · retirement income · nonqualified · tax-deferred · rollover · retirement planning · defined benefit
payout
Money distributed to recipient
- paymentsMoney given for obligations
- disbursementDistribution of funds
- installmentsPeriodic partial payments
cashflow · monthly benefit · income stream · distribution · guaranteed income · payment schedule · fixed payments · lifetime income · periodic payments · revenue stream
actuary
Financial risk analyst
- underwriterOne who assumes financial risk
- policyholderOwner of insurance contract
- beneficiaryDesignated asset receiver
premium · coverage · life insurance · carrier · insurer · contract · rider · death benefit · exclusion · insurance company
life expectancy
Average anticipated survival duration
portfolio
Collected works or assets
- assetsOwned items of value
- securitiesTradeable financial assets
- capitalWealth used for investment
principal · growth · return · yield · subaccounts
annuitizationaccumulation
Collected mass over time
deferral · wealth accumulation · liquidation · capital preservation · contribution
annuitize, annuitizing, annuity, annuities, annual, annually, annuals, biannual, biannually