"If the Federal Reserve does manage to hit its long-term target of 2% annual inflation ... 44% of the spending power would be wiped out in 30 years. But 10% annual inflation would wipe out over 96% of that spending power.... If inflation is high, the value of the longevity protection is virtually wiped out.... If one can afford to buy an insurance annuity either within a target-date fund or otherwise, then they can use the funds to delay Social Security. If one wants more than Social Security can provide at age 70, a TIPS ladder is superior to an insurance annuity."  MORE >>