When my husband retired and got ready to start collecting on his annuity rates, he spent a couple of days deciding how he wanted to handle the payments. He did opt to have them spread out over the course of thirty years instead of just having the company figure how long he would live and pay until his death. He failed to consider inflation though. This surprises me because he is always thinking and talking about how much prices have gone up over the last couple of years. We will be okay because I am still working. Once I am at retirement age, his social security benefits will kick in. Things would have been better had he made arrangements to have his retirement payments increase every year though. I tell all my friends to make sure they take that option when it comes time to start collecting on their retirement. I am sure it will be a big deal to many people if they end up having their money worth only half of what it was worth at the beginning of their retirement. If you are thinking of enquiring about your level of annuity you should have a look for some more information on the Internet.