No. of Recommendations: 1
{I've long been qurious about this 4% drawdown figure. It appears that one can buy a lifetime annuity (at age about 60) that will pay closer to 5.5%/year of your purcahse price, or about 5% with cost-of-living adjustment.Or am I missing something?
zmei }

Check out the Rule Your Retirement web page, the 2 year anniversary issue had a really nice article on the pro/con of annuities.
Basically, you are buying insurance, giving up potential growth for that peace of mind of a "guaranteed” payout. Note that some people, my Mom for one, lost out big time when the insurance company behind the annuity went belly up, so choose carefully.

Perhaps a cake and eat it too approach might be prudent, invest some of your assets in a good asset allocation mix, and some in an annuity. As for myself, I hear the word “Annuity”, and run the other way
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