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To: John Carragher who wrote (98602)	2/4/2005 7:50:33 AM
From: LindyBill	Read Replies (1) \| Respond to of 793689

a better annuity When I looked at annuities a few years ago, they worked out to about the same as if you were getting a 7% return. You can do that well with BB Bonds such as GMcredit 15 years.

To: John Carragher who wrote (98602)	2/4/2005 7:57:24 AM
From: Lane3	Respond to of 793689

often you can find a better annuity offered by companies with the lump sum than that offered in the defined benefit plan. Agreed. And, even better, you can get one that pays you as long as you live so you don't have to worry about outliving your money. defined benefits are nice to have but if no inflation adjustment,(i assumed most do not?) based on today's life expectancies i wonder how helpful these pensions will be in twenty years. They aren't so bad as long as inflation stays low. If we have a repeat of the seventies, they're all but useless. Of course, the seventies, when you could get a fifteen percent return on bonds, had its compensations. Which is why it's important to diversify one's retirement.