<<The RADICAL WISDOM (RW) offered by Pollan is that we should take the money we have when we turn 70 and buy annuities instead. The advantage is that we no longer run the risk of out living our money!! At this moment a 70 year old can buy an annuity that will pay 12% !!!! for the remainder of his life. At this high rate we also don't need nearly as much money to generate the same amount of retirement income as does someone who follows the CW. This means you can spend more now while you are alive, rather than passing it along to your heirs and uncle same when you are dead.>>Is the full text of Mr Pollan's ideas available somewhere?I have thoughts along the same lines, not converting totally to a fixed annunity at age 70 but say 10% and another 15% at age 75 etc. The fixed annunity in a way adds to pension that is not inflation protected. I know of no other way to spend most of my money and yet not be short before I pass away, except with fixed annuity. Welcome comments.
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