"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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