For Morningstar, Ruth Saldanha asks:
Is a Tontine the Best Way to Get Income in Retirement?
Why would an investor looking for cashflows choose this relatively complicated product rather an simpler, retirement ETF that has say a targeted 4% or 6% per annum return?
Does the last survivor still get the pot?
Here’s how modern tontine products vary from the original versions.
Read the full article here.