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Options
- A
Invest in gold bonds regularly so as to minimize the effects of inflation and ensure longevity of the retirement corpus
- B
Cut down all heads of expenses by a fixed percentage to fit total expenses within the available income
-
Postpone the vesting date of annuities to the middle retirement years
Correct answer
- D
Choose the annuity immediately on retirement so that the income is fixed for the entire period
Why this is the answer
Postponing the annuity vesting date creates a deferred annuity, which provides income later in life, effectively addressing longevity risk by ensuring income for a longer period.
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