Fidelity provides a calculator here: https://gie.fidelity.com/estimator/gie/gielanding?refann=061
It looks like it will calculate payouts starting any time (immediately or deferred) for money that you annuitize now (i.e. pay the insurance company now for the guaranteed stream of income regardless of when the checks start rolling in).

FYI: Revisiting a 20-year old suggestion.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=712267

Anyone have a calculator that shows approximate pay-out at age 80 for a hypothetical 100K investment? Just trying to get some rough idea. Couldn't download the wsj article without subscription. Read some general info. elsewhere.

Question number 1. You are almost 70%?
Question number 2. WTF ?!?!?!?!

Below is a more informative video on this new product. New York Life will be jumping into the QLAC fray next year. When I turn 70 in 2017 that is where I will be putting my $125,000. I will begin taking my benefits at age 80 - God willing. I have enough to live off my principal till death do I part if necessary. But I really like this new product so will use some of that nest egg there.
http://www.economials.com/2015/08/video-how-to-make-sure-you-dont-outlive-your-money/

FYI: Vanguard, the globally recognized pioneer in low-cost index funds, took another step into the world of alternative investments earlier this year, when it filed a Form N-1A with the SEC for the launch of the Vanguard Alternative Strategies Fund. That filing took effect on May 28, and on August 11, exactly 75 days later, the fund’s investor-class shares began trading under the ticker symbol “VASFX.”
Regards,
Ted
http://dailyalts.com/vanguard-launches-second-alternative-mutual-fund/
M* Snapshot VASFX: http://www.morningstar.com/funds/XNAS/VASFX/quote.html

Eric Cinnamond is not a great ... or even good ... or even average stock picker. He is a stubbornly subpar stock picker.
Currently, ARIVX has a whopping 85% in cash. To be fair and objective, this fund has had as little as 47% cash since inception on 12/31/2010 according to M* data. Let us compare the performance and risk parameters of ARIVX since inception vs. a combination of IWN (iShares Russell 2000 Value ETF) and a very liquid and better-than-cash bond ETF, BND using EzBacktest:
ARIVX: TR 17.1%/Standard Deviation 7.2%/Sharpe Ratio 0.54
IWN 53%/BND 47%: TR 33.5%/SD 8.4/SR 0.90
IWN 40%/BND 60%: TR 29.3%/SD 6.3/SR 1.02
IWN 25%/BND 75%: TR 24.3%/SD 4.0/SR 1.25
IWN 15%/BND 85%: TR 21.0%/SD 3.0/SR 1.40
Even if one could plug in a cash-equivalent into EzBacktest, ARIVX would still compare poorly.
VF, I have tremendous respect for you as a human and investor, but there are better options for your hard earned money than ARIVX.
Kevin

American Beacon Funds were originally American AAdvantage Funds - created exclusively for American Airline employees retirement plans. The family was spun off and later renamed.
The AA retirement plan remained a large institutional investor in these funds. For example, the plan owns 98.27% of the Small Cap Index Fund and 75.16% of the International Equity Index Fund. (Data from the SAI.) That 98.27% ownership makes it clear that the unnamed investor expected to make large redemptions is the AA plan.
I don't know whether AA is going to pull out of all the funds they use, but they are not such a large elephant within some popular funds such as Large Cap Value. AA owns about 1/2 of the institutional shares (AADEX) or slightly less than 1/3 of the whole fund. But that's less than the value of the retail Investor class shares AAGPX.
So if they were to pull out, it would have a significant impact, but would likely not be fatal. Also, while it's not so easy for a plan to justify keeping the American Beacon index funds (the S&P 500 index fund, institutional class AASPX has an ER of 0.13%), some of the actively managed funds make sense in a retirement plan. So the bailing may be selective. Hard to tell.
If I owned Bridgeway Large Cap Value (BWLIX), I would not be heading for the doors just because some of the other funds are being shut down. Here's Shadow's thread on that fund, specifically its move to American Beacon.

Maybe I'll get into GILD at $110. We'll see.

When we hit -5% from the market highs, the only question will be do we then hit -10%?

Well ... What say ye now?
http://www.barchart.com/chart.php?sym=SPY&style=technical&template=&p=DO&d=X&sd=&ed=&size=M&log=0&t=LINE&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=SMA(50,);SMA(200,);PCT(20,0.01,10066431,3227936511);SMACD(12,26,9,16737792,10053375,13421721);MFI(14,255,100,39168,16711680);SRSI(14,6710886,20,255,16711680)&chartindicator_7_code=SMA&chartindicator_7_param_0=50&chartindicator_7_param_1=&chartindicator_8_code=SMA&chartindicator_8_param_0=200&chartindicator_8_param_1=&chartindicator_9_code=PCT&chartindicator_9_param_0=20&chartindicator_9_param_1=0.01&chartindicator_9_param_2=10066431&chartindicator_9_param_3=3227936511&chartindicator_10_code=SMACD&chartindicator_10_param_0=12&chartindicator_10_param_1=26&chartindicator_10_param_2=9&chartindicator_10_param_3=16737792&chartindicator_10_param_4=10053375&chartindicator_10_param_5=13421721&chartindicator_11_code=MFI&chartindicator_11_param_0=14&chartindicator_11_param_1=255&chartindicator_11_param_2=100&chartindicator_11_param_3=39168&chartindicator_11_param_4=16711680&chartindicator_12_code=SRSI&chartindicator_12_param_0=14&chartindicator_12_param_1=6710886&chartindicator_12_param_2=20&chartindicator_12_param_3=255&chartindicator_12_param_4=16711680&addindicator=&submitted=1&fpage=&txtDate=

FYI: The S&P 500 fell 2%+ today for its worst day since February 2014.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/market-bloodbath/

http://www.sec.gov/Archives/edgar/data/809593/000080959315000053/liquidation082015.htm
497 1 liquidation082015.htm
Supplement dated August 20, 2015, to the following prospectuses:
American Beacon S&P 500 Index Fund
Prospectus dated April 30, 2015
American Beacon Small Cap Index Fund
American Beacon International Equity Index Fund
Prospectus dated April 30, 2015
American Beacon Emerging Markets Fund
American Beacon High Yield Bond Fund
American Beacon Intermediate Bond Fund
American Beacon Short-Term Bond Fund
Prospectuses dated February 27, 2015
American Beacon Zebra Global Equity Fund
Prospectus dated December 29, 2014
On August 6, 2015, the Board of Trustees ("Board") of American Beacon Funds approved a plan to liquidate and terminate the American Beacon S&P 500 Index Fund, American Beacon Small Cap Index Fund, American Beacon International Equity Index Fund, American Beacon Emerging Markets Fund, American Beacon High Yield Bond Fund, American Beacon Intermediate Bond Fund, American Beacon Short-Term Bond Fund and American Beacon Zebra Global Equity Fund (each, a "Fund" and collectively, the "Funds"), upon the recommendation of American Beacon Advisors, Inc. ("Manager"), the Funds' investment manager. After considering information provided by the Manager, the Board concluded that, with respect to each Fund, except American Beacon Zebra Global Equity Fund, due to large redemptions which are expected to occur by the end of 2015 that will substantially reduce the Fund's asset size, it will no longer be practicable for the Manager to operate the Fund in an economically viable manner. With respect to the American Beacon Zebra Global Equity Fund, the Board concluded that, due to the Fund's small asset size, it will no longer be practicable for the Manager to operate the Fund in an economically viable manner. Accordingly, the Board determined that it would be in the best interests of each Fund and its shareholders to liquidate and terminate the Fund.
In anticipation of the liquidation, effective immediately, each Fund is closed to new shareholders. To prepare for the liquidation of the Funds, a Fund's manager and/or sub-advisor(s), as applicable, may need to increase the portion of the Fund's assets held in cash and similar instruments in order to pay for Fund expenses and meet redemption requests. As a result, the Funds will no longer be pursuing their respective investment objectives. In addition, each Fund, except American Beacon High Yield Bond Fund, American Beacon Intermediate Bond Fund, and American Beacon Short-Term Bond Fund, may invest a significant portion of its assets in index futures contracts to maintain exposure to the equity markets, while preserving liquidity. Each Fund will distribute cash and/or assets (to certain institutional investors) pro rata to all remaining shareholders who have not previously redeemed or exchanged all of their shares on or about November 30, 2015. However, the distribution for the AMR class shares of American Beacon Emerging Markets Fund will occur on or about December 31, 2015 (each, a "Liquidation Date"). These distributions are taxable events. Once the distribution is complete, each Fund will terminate.
Please note that, with the exception of the AMR class, you may exchange your shares of a Fund at net asset value at any time prior to the Liquidation Date for shares of the same class of another American Beacon Fund. You also may redeem your shares of a Fund at any time prior to the Liquidation Date. No sales charges, redemption or termination fees will be imposed in connection with such exchanges and redemptions. In general, exchanges and redemptions are taxable events for shareholders.
In connection with the liquidation, a Fund may declare taxable distributions of its net investment income and net capital gain in advance of its regular distribution schedule.
If you own Fund shares in a tax deferred account, such as an individual retirement account, 401(k) or 403(b) account, you should consult your tax adviser to discuss the Fund's liquidation and determine its tax consequences.
For more information, please contact us at 1-800-658-5811, Option 1.
***********************************************************
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

FYI:
Regards,
Ted
WSJ Slant:
http://www.wsj.com/articles/u-s-stock-futures-fall-on-growth-worries-1440073541
Bloomberg Slant:
http://www.bloomberg.com/news/articles/2015-08-20/futures-indicate-s-p-500-to-fall-third-day-on-global-growth-fear-idk14t5h
Reuters Slant:
http://www.reuters.com/article/2015/08/20/us-markets-stocks-usa-idUSKCN0QP15320150820
MarketWatch Slant:
http://www.marketwatch.com/story/us-stock-futures-point-to-third-day-in-the-red-2015-08-20/print
WSJ Markets At A Glance:
http://markets.wsj.com/us
Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
Current Futures: (Very Negative)
http://finviz.com/futures.ashx

While I feel for Lewinsky and think she was unfairly treated in the press, I think her speaking in this specific case is perhaps a missed opportunity. The financial world remains fairly sexist and imbalanced relative to the population. For instance, 51% of the population are women and they are often the financial decision makers in many households, yet only 23% of Certified Financial Planners are women: cfp.net/docs/about-cfp-board/cfp-board_win_web.pdf While Lewinsky may attract a certain prurient interest from members of the audience making jokes about her dress, it might be more valuable and instructive to have a successful woman financial adviser discuss the unique needs of female clients and why the financial world isn't as diverse as it should be. In fact, the linked paper presents a slew of top women CFPs who could've been more relevant as speakers for this particular occasion.

We will have a low interest rate environment for 5-8 years more.
In about 10 years we will have a VAT to deal with gov't deficits and interest on the debt which will keep interest rates low.
I'd say the only thing what will have large pricing power is apartment rent, homes. retail space in densely populated, health care and necessities such as gas, electric, food.

I hope you're wrong on the VAT, but you're probably not. It would not surprise me if we have a low interest rate environment for nearly another decade, but I sort of question whether that can be managed without something becoming disorderly.
I fully, fully agree with you on the pricing power statement. In terms of retail space, I kinda ponder warehouse space given continued rise of online shopping vs B & M, but high quality retail in dense areas is fine.

We will have a low interest rate environment for 5-8 years more.
In about 10 years we will have a VAT to deal with gov't deficits and interest on the debt which will keep interest rates low.
I'd say the only thing what will have large pricing power is apartment rent, homes. retail space in densely populated, health care and necessities such as gas, electric, food.

This.
"A Taylor-rule central banker may be convinced that lowering the central bank's nominal interest rate target will increase inflation. This can lead to a situation in which the central banker becomes permanently trapped in ZIRP. With the nominal interest rate at zero for a long period of time, inflation is low, and the central banker reasons that maintaining ZIRP will eventually increase the inflation rate. But this never happens and, as long as the central banker adheres to a sufficiently aggressive Taylor rule, ZIRP will continue forever, and the central bank will fall short of its inflation target indefinitely. This idea seems to fit nicely with the recent observed behavior of the world's central banks."
http://www.zerohedge.com/news/2015-08-19/after-6-years-qe-and-45-trillion-balance-sheet-st-louis-fed-admits-qe-was-mistake
If they raise (say 50 basis points) only to drop it again, that to me is almost worse.

For those wanting more detail on some etf's and etn's that trade the Dog of the Dow or some type of strategy centered around it, I have provided the below link.
http://www.nasdaq.com/article/5-investor-friendly-dow-dog-etfs-for-2015-etf-news-and-commentary-cm430446

Sounds as though a mutual fund that utilizes this strategy along with a few other strategies mixed in might indeed be worth while to develop as a niche type fund that would be designed to complement a well diversified portfolio incorporating it with some special investment strategies.
It's ticker might become SPIFX meaning that it centers itself around certain S&P Indexes (S&P 500, S&P 400 & S&P 600) ... and, if X applies then it follows a certain mandate that incorporates the Sell In May Strategy along with perhaps a few other well known strategies such as the Dogs of the Dow and maybe some others mixed in like a thermostat strategy (CTFAX) in which if the S&P 500 Index falls a certain percent then it will increase its allocation to equities and and reduce its allocation to cash or bonds. Doing this would help diversify it away from a single investment strategy.
Heck, I'd probally invest in it as it would simplify things for me as I usually follow the Sell In May Seasonal Strategy with a small part (up to about 5% to 10%) of my equity allocation anyway. This strategy is not new and has been around for a good number of years and one that my late father utilized many, many years ago. And, even today the family still follows it within family portfolios. However, we usually switch stocks out for bonds or cash and vice versa. I currently use FDSAX to gain exposure to the Dogs of the Dow strategy as about one third of it's holdings come form the strategy.
In addition, my engineer buddy (that I made a post about a while back) utilizes a modified model of the Sell In May Strategy as he follows the calendar as a timing guide but uses technical analysis as to when to enter or exit the strategy over exact calendar dates. I have provided a link back to this discussion for those that would like to reference it. He also, utilizes a thermostat type strategy wherein if the S&P 500 Index drops a certain percent in what he believes is a mere pull back within a bull market he will reduce his cash and/or his bond position and raise his stock position.
http://www.mutualfundobserver.com/discuss/discussion/22938/my-engineer-buddy-is-now-crowing-but-we-both-have-smiles#latest
Does anyone know of a mutual fund that currently employes a seasonal type trading strategy along with maybe a few other strategies mixed in such as the "Dogs of the Dow" and even a thermostat strategy to help diversify it away from one single strategy?
I'd most likely be a buyer of it if it's fee structure was reasonable as it would simplify things for me that I am currently already doing; but, this would put it in an auto mode for me and also get me away from having to follow the markets as closely as I currently do.