No. of Recommendations: 0
Author: pauleckler | Date: 12/18/04 11:33 PM | Number: 43650
Another point to keep in mind is that usually once you annuitize your payments are fixed for life (or the life of the contract). You have no inflation protection. Hence, as your costs rise, your income is fixed.


This is not necessarilly true. Check out the immediate fixed annuities at Vanguard. They have ones that increase each year by any percentage you choose.

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