For retirees, consider replacing some of your bond holdings in your portfolio with annuities [1]. A million dollars will buy you a ~$50,000/year annuity for li

For retirees, consider replacing some of your bond holdings in your portfolio with annuities [1]. A million dollars will buy you a ~$50,000/year annuity for life. That said, annuities have major downsides too (i.e., they are degraded by inflation). [1] https://www.wsj.com/articles/the-case-for-replacing-some-bonds-with-annuities-11612454401 https://www.wsj.com/articles/the-case-for-replacing-some-bon...