(Bloomberg Business) -- They're having another go at it: turningyour retirement savings into an income stream that will last forthe rest of your life.

The problem is simple. You don't know how long you’ll live, soit’s hard to know how fast you can afford to spendyour nest egg.

When you retire, you can give your money to an insurancecompany, which will send you a monthly check for the rest of yourlife. But annuities' fees can be high and their terms complex,and many retirees don't want to tie up their money. Theprice of a dependable income into your 90s and beyond is the chancethat you’ll die younger and never get to enjoy it. Last year,$229.4 billion in annuities were sold, the Insured RetirementInstitute estimates. That’s up 4 percent from 2013 but less thansales in 2009 and earlier, even though the number of retirees keepsrising each year.

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