Date: Wed, 24 Oct 2007 13:58:11 -0500
From: rick++ 
Newsgroups: misc.invest.financial-plan
Subject: Re: longevity annuities
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> So instead of waiting until you retire to convert 100K of assets into
> a 5K/mo income stream, you give the insurance company 10K now and when
> you retire, you get 5K/mo.

Most income products I've seen are closer to 6% a year rather the 60%
return
you describe.