Then if you want to counter this risk by buying some kind of payout option where the income goes to someone else when you die (AKA survivor options and / or term certain riders), then this will also cut 10 % to 30 % off of this wonderful safe guaranteed yield for life. (toolsformoney.com)
Is it better to sit tight with my 3 % guaranteed yield with TIAA - CREF and wait for market improvement or move some money into CREF STOCK, CREF GLOBAL EQUITIES, CREF EQUITY INDEX and CREF GROWTH? (janebryantquinn.com)
If the ledger shows pre-tax income of $ 150 a month, then you're not realizing a 3 % safe and totally guaranteed yield for life - you're only getting ~ 1.75 % (and it's usually much less than that too, it could be less than 1 %). (toolsformoney.com)