Sonia: Bernstein is fixated on short-term treasury bonds. She says he would be better off taking that 50% of his assets and putting it into a single premium immediate annuity, which will pay more even accounting for inflation. Sonia: Morningstar came out with their forecast last December, which were basically average kind of returns for the stock market over the next 30 or 40 years; they're completely different than what Bernstein's assuming.