The American Association of Individual Investors creates really wonderul articles that are well researched and free of bias (they take no advertising).
This article is appropriate for those in retirement who are fearful of terrible stock market returns wrecking their retirment. One idea is to take some of your invesment assets and purchase an immediate annuity that makes monthly payments to you for the remainder of your life. The payments are guaranteed by an insurance company.
Sometimes I advise clients to consider covering their basic living expenses with "safe" income sources. Social Security, pensions, and immediate annuities could fill this need.
See the article for details:
http://www.feesonly.com/rcfp/November_2009_AAII_-_Create_Your_Own_Pension_-_Immediate_Annuities.pdf
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