rundmc

7 ms·

1.
by rundmc 1y ago
What's the use case for a tontine?
2.
by rundmc 1y ago
Is there any way for immigrants to avoid the 27 vaccines mandated by the CDC?
3.
by rundmc 1y ago
Well we will all die eventually. Perhaps it's better to say that: "With a tontine, others of the same age and sex bet that you’ll die before them".
4.
by rundmc 1y ago
You will enjoy playing with this then: https://tontine.com/lifetime-income-calculator/#tontinator I look forward to your thoughts
5.
by rundmc 1y ago
Great entertainment although the Simpsons did the best fictional Tontine IMHO: https://tontine.com/videos/simpsons/ That said, each Last Will & Testament creates the same scenario and (unlike in a Tontine) you
6.
by rundmc 1y ago
In theory yes, but in practice, no such cases ever existed. A good example is that the collapse of Swiss Air created am accidental Tontine among its pension beneficiaries. Rather than trying to bump each other off, they meet up every year t
7.
by rundmc 1y ago
Good point. I mean retirement tontines and tontine trust funds that pay members an income for life secured against hard assets rather than ROSCA tontines which are community savings vehicles designed for short term borrowing between members
8.
by rundmc 1y ago
There are versions of this 'ROSCA' Tontine in most countries and continents in the world. In the past when formed among strangers they have proven to be super susceptible to scams. Where they work is when each member of the group
9.
by rundmc 1y ago
Ahead of the launch of the first Tontine company in over 100 years, we have heard similar comments from many parents and for that reason have now created the Tontine Trust Fund. The regular Tontine Trust is for parents that want to avoid th
10.
by rundmc 1y ago
As the founder of the first Tontine company in over 100 years, I cannot agree more.
11.
by rundmc 2y ago
Well insurance is in case something you don't want happens (die young) whereas a tontine is in case something you do want (live long) happens. I'd call that a major difference but then again I'm biased.
12.
by rundmc 3y ago
FYI, after looking at about 20 banks we opted to go with Amnis in CH which uses Currency Cloud as its backbone. Their UI is excellent and I've just noted that they have a double-sided reward for new clients such that if you register wi
13.
by rundmc 3y ago
I've been with them since the beginning and have had my suggestions included in the UI (e.g. account nicknames) but as far as I can tell they're in some sort of freefall. Something has gone badly wrong in there and the only answer
14.
by rundmc 3y ago
"inverse life insurance" that's an interesting way to describe a tontine
15.
by rundmc 4y ago
He essentially admitted this in recent calls so it's a 'safe' charge that the SEC used to get him arrested in Bahamas and presumably his personal assets will also now be frozen while they assemble the rest of the consumer fra
16.
by rundmc 4y ago
Perhaps you should send your supporting evidence to the UK government because right now they are going all in on shifting the pensions industry to a Tontine style CDC model. The email of The Pension Regulator is report@tpr.gov.uk Don't
17.
by rundmc 4y ago
The OECD has just published it's updated Pensions Outlook which explains to governments how to implement Asset Backed Tontine style pensions to make the global pensions sector more financially robust and to better serve the needs of re
18.
by rundmc 4y ago
Mohammed, Connect with me on LinkedIN. We could be interested to include a posterity subscription for clients when we launch the US version of https://tontine.com in the coming months. Cheers Dean
19.
by rundmc 4y ago
You are using a dead mans switch or another method to confirm death?
20.
by rundmc 4y ago
Gross oversimplification: CEO - Works on the business, focuses on the big picture. COO - Works in the business, focuses on the detailed execution.
21.
by rundmc 4y ago
Brilliant. Patents are super hard to read because they language used is usually overly verbose and unintuitive. I'm hoping that I substitute plain english words for lengthy patent jargon so that I can actually read the things for once.
22.
by rundmc 4y ago
Shameless plug: https://tontine.com are hiring Haskellers to roll out their provably secure lifetime income pensions which are now endorsed by the OECD.
23.
by rundmc 4y ago
Tontines are perfectly legal: https://tontine.com/news/tontines-can-a-pension-this-good-be...
24.
by rundmc 4y ago
The liabilities of the insurer are typically fixed amounts regardless of investment performance or changes in mortality. If and when the insurer miscalculates they will be wiped out if their assets don't match their liabilities. Modern
25.
by rundmc 4y ago
But if you live so long that you run out of money then you become a financial liability to your family. That's why longevity insurance makes sense.
26.
by rundmc 4y ago
I still can't believe the price they quoted us for it. Sometimes it makes no sense to haggle.
27.
by rundmc 4y ago
If it's a DC pension such as a 401k or an IRA then they punish you for living longer because they once they run out that's it.
28.
by rundmc 4y ago
Tontines have no liabilities so do not need guarantees. Therefore incomes do not suffer from the underwriting fees of insurers. This means that tontine payments typically start meaningfully higher than annuities at the outset even before th
29.
by rundmc 4y ago
Tontines are perfectly legal. See: https://tontine.com/news/tontines-can-a-pension-this-good-be...
30.
by rundmc 4y ago
But the annuity only 'rewards' your longevity if you live 15-20 years or more because that is the bare minimum it takes to get back your capital.

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