I heard a plan on a local radio station talk show (KFNN 1510 AM, Phoenix, AZ) and would be interested in any comments. I missed some of the details (I was driving) but here's the gist:Say you have $300,000 at retirement and you believe that you will live another thirty years. Put $96,000 into an annuity that guarantees you monthly payments of say $1200 for that 10-year period (starting now). Put $105,000 into a higher earnings plan (with higher risk) say a S&P500 Index fund that, over this 10-year period will be likely to earn 10-11%. Put the balance into an even higher earnings, higher risk medium.After ten years the first "bucket" runs dry, but the second bucket, your S&P500 Index fund, has done well. Take that money out and buy yourself another annuity with that same or similar 10-year monthly payment plan. Transfer the balance from your high-risk third bucket into a S&P500 Index and wait another 10 years before (you guessed it) buying your third annuity.The "specifics" are not as important here as the simple 3-way diversification plan.I am a few years off retirement but I plan to get out early and do what I think is interesting, and maybe even make a few bucks at it(?) This sounds interesting to me and I would appreciate your comments.-axv
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