No. of Recommendations: 1
syke6 writes,

<<The alternate would be a laddered maturity bond ladder. But again expertise is needed for success.>>

Even simpler would be to buy a Vanguard Lifestyle fund and simply follow the 4% rule. It is vastly cheaper than an annuity, provides inflation protection, provides excellent upside growth potential, and allows you to control your own money.


Exactly! Even a low-cost fixed annuity is still a very effective tool for transferring wealth from the retiree to the insurance salesman and the company he represents. At least 15% to 20% of the premium paid is skimmed off in the insurer's various fees, expenses and costs.

It makes much more sense to keep that 15% to 20% working for you in a Vanguard account rather than losing it to the insurer.

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