 Quote:
Originally Posted by cashflo2u2
I think there was a book called "Die Broke" that promoted that approach. Pretty good book, as I recall.
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Here's a summary of that book. Set your desired income (e.g. 4.5% SWR). Buy SPIAs only, buy as late as you can, buy only what you need, hedge inflation by buying a little more SPIA as needed.
He also says to handle the inheritance thing by gifting what you will in your later years (you will have accumulated enough annuity income not to worry about how much you had in your nest egg, you'll enjoy the act of giving) or through charitable gift annuities.
Of course he also advocates working forever and a few other flukey ideas.
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Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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