Deferred Income Annuities (DIAs) are the perfect vehicle for someone who wants predictable income stream beginning on a future date.  The concept is simple: you put money in now, and get a personal pension at a point picked by you in the future.  You can choose how long you want to get paid, whether you want a beneficiary, and whether you want to put in a cost of living adjustment (COLA) to increase your payments as you age.