Sorry, when I mentioned "the old country", I was referring to, for example, the many countries that support, or pension-off citizens as a government policy. At TIAA meetings, I've heard from heavily accented elderly Emeriti who can't wrap their minds around income (like annuitized TIAA Real Estate) that goes up AND DOWN. I simply meant such a person might want a fixed annuity payout, despite inflation risk.
Statistics: Posted by crefwatch — Wed Feb 05, 2025 6:18 pm