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Reply to "50 year olds - how much retirement $ do you have saved?"
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[quote=Anonymous][quote=Anonymous]I'm so jealous of everyone who has a pension. [/quote] You can generate one by annuitizing assets. Annuities get a bad rap because some have a lot of fees, but not all do and they do serve the purpose of ensuring a lifelong income stream. I plan to annuitize a subset of my assets so that with social security my very basic needs are met. This will allow me to feel more flexible with investing my other assets--and with spending them. [/quote]
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