intercst:

JAFO31: <<<<Inquiring minds want to know, are the immediate annuities available to those of normal retirement age - say 62 - 67, that pay guaranteed 6-7% for life, adjust for inflation, and that include either a minimum pay term or some return of premium?>>>>

"I just ran the numbers for a 65-year-old male using Vanguard's Annuity Online Quotes

$100,000 annuity = $8,020/yr.
$100,000 annuity with inflation adjustment = $5,930/yr.
$100,000 annuity with inflation adjustment and full cash refund = $5,400/yr."

That would be 8%, 5.9% and 5.4%, respectively, so the only way to get 6-7% is without inflation adjustment or premium refund, as I originally suspected.

intercst - Thanks.

Regards, JAFO