An Annuitization Problem in the Tax-Deferred Annuity Model
This paper examines the optimal annuitization, investment, and consumption strategies of an individual facing a time-dependent mortality rate in the tax-deferred annuity model and considers both the case when the rate of buying annuities is unrestricted and the case when it is restricted. At the beg...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
2021-01-01
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| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2021/1768611 |