Originally Posted by ats5g
I suppose an application of this would be that if you start retirement with not very much savings, you'll have to annuitize virtually everything up front. Does that sound right?
Yes, that's how I interpret it (but the the article is kinda dense).
And no one responsible seriously recommends this, even the
SPIA-shilling articles which have been popping up everywhere
(and will probably accelerate as the baby boomers go into
retirement, I think things could REALLY start getting ugly !)
recommend at most half of your egg.