Bond ladders for a prudent pantry


I’ve talked in the past about the benefits of off-loading risk to an insurance company to create a pension in retirement.  When certain cash flow becomes a higher priority than investment growth, I’ve considered single premium immediate annuities (SPIAs) to do the job.

Another idea is a bond ladder.  It’s a very unsexy solution, but may very well do a better job.  I’m putting this article here while I develop this idea more.

A Pseudo-Life Annuity: Guaranteed Annual Income for 35 Years by Robert Muksian, Ph.D.