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New Income Solutions for Long Retirements
With the numbers of people over age 100 growing rapidly, there is an equally growing need for advisors to consider an array of retirement income solutions.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
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January 19, 2011, Featured Articles, International, Annuities, Target Date Funds, Payout Mutual Funds, Structured Products, Company/Trade Group News
BMO Offers Non-Insured Lifetime Income Product
The Bank of Montreal's Lifetime Cash Flow product pays out 6% of principal per year for life after a 10-year deferral period. After-tax principal is paid out tax-free for 15 years, followed by taxable payments.
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