January 20, 2010, The Decumulation Beat
Ready for a Reality Check
A recent Journal of Financial Planning article on annuities was a bit perplexing.
The headline on the story in this month's Journal of Financial Planning hooked me right away: “Achieving Sustainable Retirement Withdrawals: A Combined Equity and Annuity Approach.” Just the kind of thing I troll for.
But as I read, I found the paper to be unsettling. It was so perplexing that I asked several advisors to interpret it for me. They too were perplexed. One advisor, in fact, telephoned me before I called him, to ask me if I understood the article.
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