In the following table we present five choices to you. You can always choose between two different types of income during retirement, income of type A and of type B. Please assume that these incomes include all sources of money that is available to you during retirement. In particular, there is no additional money available from spending down your wealth. If you choose income type A, the total income during retirement for you [and your partner/spouse] depends on the performance of the economy (e.g. on returns in financial markets). If the economic performance is unfavorable it will be [aa052] euro per month. If the performance is favorable it will be [aa053] euro per month. If you choose type B, the total income during retirement for you [and your partner/spouse] will always be [aa051] euro per month, independent of the performance of the economy. The five choices differ only in terms of the chanceWhich income type would you choose?
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