Would you be interested in a strategy that yields a 10% or better annual payout during retirement? One that has some tax benefits, at least if you play your cards right? Then consider investing in a tontine. In its Victorian incarnation, a tontine was an investment pool to which a group of speculators contributed capital, the principal and interest to be distributed in a lump sum years later to the last survivor. Of course, as the number of players shrinks to just a few, there is a temptation for them to cause accidents to befall the others. For more on this point, see the 1966 black comedy The Wrong Box.
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