One thing you could do is to use an immediate annuity for a portion of your retirement income.The annuity could be your bond allocation. What you are doing is giving up estate value,essentially trading estate value for the ability to use the money while you live.Immediate annuities have limitations but in certain cases they are indicated. In certain cases they are appropriate.I would not put everything into an annuity and w/o knowing your cash flow requirements we can only talk in hypotheticals. Before you bought one I would speak with a CFP or an experienced professional who will not be compensated from the sale.buzman
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