Retirement Investing

Joint-Life Annuity

Definition

What is Joint-Life Annuity?

An annuity that continues while either of two covered people remains alive.

Example in practice

A married couple chooses income that lasts until both have died.

Keep learning

Annual portfolio withdrawals divided by the portfolio's starting or current value.

An estimated withdrawal rate intended to support spending over a long retirement under stated assumptions.

The risk that poor returns early in a withdrawal period cause lasting portfolio damage.

The property, investments, rights, and obligations left by a person at death.

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