Deferring the annuity vesting date
Postponing annuity purchase to the middle retirement years where a second career covers early expenses — protecting the corpus from early drawdown and securing assured income when dependence on the corpus is highest.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XVII← All terms