This is the third of a series of posts on retirement withdrawal strategies.  If you haven’t read Managing Money in Retirement I and II, please read them first!  In the last post, we explored the options for generating a lifetime income, something most retirees would find desirable and reassuring.  Social security fits the bill, but may not be sufficient to cover essential expenses.  Most people today don’t receive pensions, and the other options – bond ladders and annuities – have significant disadvantages (as well as some attractive features).  But there is one source of lifetime income that stands out from the pack.    An annuity that is a good deal Most…