Automatic Income stream? How important to you? (opens in new tab)

There is a slowing growing movement to offer annuities within 401k plans, mostly through target date funds. They purchase the annuity gradual starting around age 50 or so or in a lump sum. 401k Plan provisions determine other options. I think it’s a good and much needed option for the great majority of workers. But my question is, how important to you is a regular income stream, at least to cover all basic living expenses. I know many HD folks like the flexibility of DIY withdrawals, but for ...