Locking in a hefty amount of guaranteed income, whether from a pension, Social Security or income annuities, can greatly strengthen a retirement plan. On top of that, if you have guaranteed income to cover your regular expenses, you can take more risk with your portfolio by investing a higher...
If General Motors tried to pay its workers in paper tickets entitled "50 GMs," the tickets would gain as little response. None of these tickets would be money, and none would be considered as anything but valueless, except perhaps a few collectors of curios. And this is why total freedom...