Annuities and Pensions

About this course

This intermediate course demystifies the two main sources of guaranteed retirement income: pensions and annuities. You will learn how defined benefit pensions calculate their payouts, why they have declined, and how annuities can replace that guaranteed income for the rest of the population. The course also compares annuity types, from immediate and deferred to fixed and variable, and walks through the costs and risks of each. You will finish with a clear framework for deciding whether guaranteed income belongs in your own retirement plan.

Course outline