Most retirees' main objective is to maximize income and ensure that they do not run out of money. This is different from the preretirement years, when maximizing total return is typically the client's goal. The often neglected immediate fixed annuity is unique in its ability to "super charge" a portfolio. It can increase income and guarantee it for life.
Kreitler, Robert P.
""Super Charging" Your Clients' Retirement Portfolios,"
Marquette Elder's Advisor: Vol. 4
, Article 8.
Available at: http://scholarship.law.marquette.edu/elders/vol4/iss2/8