No. of Recommendations: 1
...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.

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.

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