Expense Account, Mint
Would you like to buy a bond that not just gave you guaranteed interest at an increasing rate but also doubled your principal in 20 years? If I were about to retire, I’d queue up to buy this product. And maybe even pay a transaction fee on it.
One of the biggest worries a person retiring today faces is that of his corpus losing more than half its value in 10 years and worse, the interest stream buying fewer and fewer goods each passing year. Inflation dislikes retired people and maliciously takes incrementally larger bites out of their consumption basket, year on relentless year.