telegraph complains,"The Millionaire retiree doesn't have to live on the interest alone; he can spend his principal too. If he wants to put it in an annuity, doesn't have a spouse, is male, lives in Maryland, is 65 and says "screw my heirs" he could get $6,406 a month for life, easy."Not inflation indexed....If we have 10 or 20 years of 7% inflation...or worse....under Obama and his spendaholic drones......Your money will be not enough to even pay the rent or real estate taxes...</snip>A 65-year-old male can get an inflation-protected annuity paying $4,190 per month ($50,300/yr) on a $1 million premium.http://www.principal.com/retirement/incomeannuity/elm/income...intercst
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