The Annuity That Lets You Change Your Mind
The Annuity That Lets You Change Your Mind
How is this possible—a retirement pension that you can undo?
Golfing in Canada (Photo by David Cannon)
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Most lifetime annuities are irrevocable. But three months ago a Canadian company, Purpose Investments, began offering the Purpose Longevity Pension Fund, a lifetime annuity with an exit door. You can put your money in now, start collecting a monthly income, and then change your…
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