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thebobdog replied to the Retirement Investing board. 1:14 PM

Re: won the game: retiring on $2M, how to handle

Currently this would buy an lifetime income of $132,000 per year for the rest of his life. But that's it. There is no residual value, either before or after death. Once the $2M goes into the SPIA it is gone. All there is is the $132,000/yr [more]

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