Not exact matches
Basically — if you think you'll have a long life — then you should delay as long as
possible since you're effectively «buying» an inflation adjusted lifetime
annuity backed by the US government at a lower rate than you could buy it
on the private market.
But if you bought your
annuity directly
on your own, outside a qualified plan, no rollover is
possible.
Tax Advantages: Because you only pay
on your variable
annuity at the time of withdrawl, it's
possible you'll be in a lower tax bracket after you retire, thus decreasing your tax burden.
And, we're
on a mission to make that
possible by reinventing the
annuity market.
Besides all of the
possible financial benefits of choosing a hypothetical modern tontine over an
annuity (continue reading Guo's piece for even more
on that, or go to Amazon and read that entire textbook
on it), there are some personal benefits, too.