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THE RETIREMENT INCOME SONNET

Updated: Oct 6, 2021

"DID I MENTION NO PENSION"

By John Rafferty, Raffertyannuityframing.com


When the party is over

The gold watch presented

The commute no longer

Corporate access prevented


When the final paycheck clears

The last ER match made

Did I mention “no pension”

How shall I get paid?


Shall I take four percent,

inflated each year?

If four is too much,

will three keep me clear?


Time segments might do

With time on my side

If my equity bucket

When needed doesn't slide


Dividends are too skinny,

bond yields too low

To create the income

That I need to go


On trips far afield

To faraway places

Or just visiting family

And friends in their spaces


I’ve saved and invested

along the way

A respectable sum

A pile some say


But without guarantees

Of cash flow unceasing

That pile unnerves me

With bear risks increasing


So I’ll cast my lot

With the law of large numbers

I’ll buy an annuity

And enjoy quiet slumbers


Some mix might be best

Of invest and insure

For assets to grow

For income to endure


Whether SPIA or DIA

Or guaranteed withdrawal

Did I mention no pension?

No problem at all!



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