But as a result of that, to your second point, buying a deferred annuity isn't usually a good ida couple ea. Much better is to buy TIPS with a term ending when you want the annuity payments to start, then use the capital when the TIPS mature to buy an immediate annuity. The advantages are many: you get very much more income per month, as you've had a positive real return rather than a negative one during those years. You are inflation protected for the intervening years, and fully inflation protected annuities basically don't exist. If you die before that target date, the TIPS are in the hands of your estate instead of the insurance company. You can change your mind and switch to annuity sooner (or later) if you like. Or you could do something else with the money. Or half and half. If you get a "one year to live" diagnosis, you likely want to spend it or g
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JIm, do you mean better to buy tips Ladder or just tips a certain year out.
We are a couple 85 years old no kids.