[FoRK] Chart of the Day...

J. Andrew Rogers andrew at ceruleansystems.com
Wed Jun 9 18:51:08 PDT 2010

On Jun 9, 2010, at 6:18 PM, Russell Turpin wrote:
> Those who think pension funds are always scams must think the same
> about annuities, right?

Pretty much, but the difference is that annuities are better structured for burying the expense of mitigating the risk.  A lot of pensions do not have enough capital to buy an equivalent annuity.

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