3min chapter

Money For the Rest of Us cover image

Beware of Survivorship Bias When Investing

Money For the Rest of Us

CHAPTER

How to Use an Annuity to Help Fund Retirement

We don't have to sit there and continue to spend until we run out of money. We can defer Social Security in order to get a higher benefit from that, which serves as essentially an inflation index annuity. We can increase our spending by less than the rate of inflation in order to have our assets last longer. The US is much larger now than it was. It's economy more diverse,. And as a result, potentially more able to withstand shocks.

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