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Yeah... When someone says fixed income, I assume they mean a fixed income. Ie a pension or an annuity that does not adjust with the cost of living.
by zardo 11y ago
Yeah... When someone says fixed income, I assume they mean a fixed income. Ie a pension or an annuity that does not adjust with the cost of living.
- ad-hominem 11y agoProbably not a safe assumption. Most people without a pension that are retired are living off some sort of retirement fund (IRA, 401k) that still technically gets returns. They just are taking out instead of paying in. Their returns are likely to be a little less than inflation, but they are withdrawing $XX,000 a year for the rest of their life ("Fixed income")