herunterladen... - Morningstar
herunterladen... - Morningstar
herunterladen... - Morningstar
Erfolgreiche ePaper selbst erstellen
Machen Sie aus Ihren PDF Publikationen ein blätterbares Flipbook mit unserer einzigartigen Google optimierten e-Paper Software.
Thought Leadership in Traditional / Insurance Hybrids<br />
27<br />
28<br />
Real Median Sustainable Income vs. Real Shortfall Income<br />
20 Year Horizon<br />
Real Median Income ($)<br />
80K<br />
70K<br />
60K<br />
50K<br />
IFA<br />
IVA<br />
40/60<br />
20/80<br />
60/40<br />
80/20 (% stocks/% bonds)<br />
Lifetime GMWB<br />
Target Real Income $50K<br />
40K<br />
0 5K 10K 15K 20K 25K<br />
Shortfall Income at 5 th Percentile (Target Real $50K)<br />
Real Median Income – annual income that can be sustained at the 50th percentile over the target horizon.<br />
Shortfall Income Risk – the shortage of income compared to a target income at the 5th percentile over the target horizon.<br />
27<br />
28
Change language