Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Then again, investing (appropriately) for decades and then rolling some or all of it into an SPIA is another way to "buy" a pension, too -- but at today's interest rates the cost of an income stream is way too high.
True. I have heard it recommended that people who want a SPIA should dollar cost average their money by purchasing a number of smaller annuities over a period of time, thus allowing for higher interest rates in the future. I am not recommending this, just passing it on. I do not own a SPIA.