Ted wrote >>And guess where one could have found such guarantees . . . ? Dare I say the "A" word?<<


situate asked .>>>You're going to have to because I don't know what you're referring to. <<<

He is trying to sell you an annuity

While a life annuity does provide a lifetime income stream for a retiree, they are inferior products for building a retirement nestegg.

Unless, of course, one sells them. <smile>

buzman