I’m in favor of cash flow producing investments as people age. Rentals, partnerships in small businesses, etc. The stock market by and large has really degenerated into a ‘growth’ stock ponzi scheme.
Any portfolio of stocks/bonds/CDs and most financial instruments (sans annuities) can’t support an inflation adjusted 4% withdrawal rate over the long term (30+ years) without a relatively high failure rate (compared to impact) for an individual investor.
Annuities have potential, but I haven’t seen many annuities for sale that will index inflation, which means even though a long term annuity will start with an over 5% payout, within ten years your buying power is diminished to 4% and continues to fall.
