Date: Thu, 25 Oct 2007 15:18:01 -0500
From: Will Trice 
Subject: Re: longevity annuities
Newsgroups: misc.invest.financial-plan
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Elizabeth Richardson wrote:

> Will, the paper that originated this thread was pointed to the "difficult
> problem of turning a pool of assets into a stream of retirement income." It
> seems to me the hard part is accumulating those assets in the first place.
> Many people have a hard time figuring out how to live below their means.
> Once one gets over that hump, finding an income fund to pay out an income
> stream seems a fairly simple task.

Elizabeth, we may have to agree to disagree.  Saving is easy (presuming 
that one is above a minimum threshold of income), though obviously many, 
many people neglect it.  But making your nest egg last through volatile 
times without drastically reducing your lifestyle, that seems more 
difficult (in the sense that success requires more knowledge, or better 
advice, than saving does).  I don't think picking a single income fund 
would suffice for this purpose (though I don't think you meant the last 
sentence above literally).

-Will