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If this is a little scary, don't sweat it. It's not an all-or-nothing idea. Say you wanted to set it up so that you spend capital for 8 years then live on an annuity. You could buy an 8-year-deferred annuity now, or you could buy an 8-year TIPS bond and buy an immediate annuity 8 years from now. But you could also split the difference and buy 4-year TIPS and then buy a 4-year-deferred annuity when it matures.
--------------------------------------------------------------------------------------------------------Also, it is not in stone. If I am not mistaken the Tips are liquid, I could buy more or sell more as time goes bye, getting a profit or taking a loss.
Am I correct about this?
