Re:The 9.9 Percent Is the New American Aristocracy
by anonymouskimmer on Thursday May 31, 2018 @09:38AM
(#17196174)
Except you can't borrow against it, or liquidate it in case of an emergency/opportunity. And it means nothing to your heirs.
Accountants have ways of accounting for pension/annuity returns. Their accounting tricks should be used in these cases.
A pension should be considered equivalent to the assets that would produce the same returns.