No. of Recommendations: 5
Same, but she certainly has no interest in managing a bond ladder.
True, but the nice thing about a ladder is that, although it's only for a specific number of years, there is precisely nothing to do after the first day. There are bankers and brokers who will do that setup for you, especially easy for them given the excellent ladder-builder tools available.
Further digression off topic...
At the moment my drop dead envelope has a fairly simple plan, but I'm considering adding a suggestion that, from time to time, a moderate chunk be put into [yet another] small annuity. Maybe 10% of original portfolio every 3-5 years??? For example, at the moment, UK annuity rates are quite tempting for those who want to cut off the "longevity tail risk" of outliving your money. No pesky heirs to worry about : )
Alas, so far I have found precisely zero insurers willing to sell us an annuity at any price or in any currency...they care intensely about your place of residence.
Jim
