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Thanks for all input. One thing I'm considering is laddering CDs (eg, take each months pension payment and put it in a CD and basically live without the pension for a year)

r am I thinking of that wrong? I mean, $1,000 put into a year long CD would return, say $1,050. And then I'd take the original $1,000 and reinvest the $50. If that was done every month, would that extra $600 basically equal the inflation? Or am I completely muddled in my thinking?
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