...what's a better was to create *stable* 30yrs income stream? -----------That is a good question, and here is how I'm answering it.The majority of my money is in dividend paying stocks, most with long history of increasing dividends. By the time I near retirement, these stocks should be throwing off enough dividends to pay for all my needs and hopefully for all my wants too. Plus, I'll have 5 years of living expenses in laddered CDs. Each year a CD matures, use that money to live and the dividends to replenish a new CD.kind of why i emphasized 'stable' ..not knowing what OP meant.dividends CAN go down /stocks can go downCD/bond rates go up and down .. not exactly 'stable'But didn't I just rail against GM? Yes. The difference, I'll have my risk spread out over about 20 stocks. If one tanks, I'll have 5 years to recover. Plus, I shouldn't be living so close to the edge that one stock collapsing will kill me. Putting all my eggs in one basket (an annuity), if it goes under, I definitely will go under.sounds good ..you just have to keep some watch ,i would think, on the 20 stocks and replace any that look weak (30yrs is rather long time frame)..and why OP was talking about 25% of port in 4 or 5 annuities to produce a **stable** streampersonally, i'm not so much interested in stable for itself, but 'enough' (2011 is starting to look like a very expensive year)
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