Big_Hitter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am sure this will stir up the debate about annuities but I remember reading an investment/retirement article some time ago about using annuities to establish a floor of income at some older age. This was written by a respected name in the business if my recall is correct. The idea is your money would not dwindle to zero, you would just hit a floor for annual income with only a COLA on your social security at an advanced age. If our plans were failing and we are too old to work it might be something to consider. Does anyone remember this article?
no, but many academics and retirement planning experts would agree with that approach