So what's
the immediate upshot for federal workers?
The immediate upshot: lots of spinning and scrambling over what's in the REACH «dossier» that characterizes risk and exposure for each material.
Not exact matches
The
upshot, though, is that unless you're willing to take on more investing risk — which also means accepting the possibility of running through your money while you're still alive — it's very unlikely that you can match an
immediate annuity's guarantee of lifetime payments, which includes that extra bit of income that mortality credits provide.
The
upshot, though, is Warshawsky concluded that while an annuity didn't always outperform systematic withdrawal, an annuity provided more inflation - adjusted income throughout retirement often enough (with little risk of ever running out) so that «it is hard to argue against a significant and widespread role for
immediate life annuities in the production of retirement income.»