The Geneva Papers on Risk and Insurance Issues and Practice

FIGURE 3

FROM:

Variable Annuities and the New Retirement Realities

Christopher M Condron

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Figure 3.

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GWBL allows lifetime withdrawals of $77K, while the TDF with the same withdrawals will run out in approximately 6 years from age 82.
Note: In 1975, the Lehman Aggregate Index was not available. As a result, we used a proxy of 50 per cent Lehman U.S. Government Intermediate and 50 per cent Lehman U.S. Intermediate Credit.

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