Don't forget that most retirees already have a large position in fixed income in the form of a monthly Social Security check or perhaps a pension.A $1,000/month inflation-adjusted life annuity would cost a 65-year-old male $240,000 at a for-profit insurance company ($260,000 for a 65-year-old female.)http://www.principal.com/retirement/incomeannuity/elm/income...intercst
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