Question 1

I am 65, married, retired, and living in Canada and have $2M in retirement savings. I am trying to decide among the following retirement options.

a) Purchasing a 25-year annuity from an insurance company.

b) investing in a managed bond mutual fund that only buys high grade bonds. I would live off the interest payments and/or sell bonds as needed to live.

c) Investing in a managed ETF that invests only in Canadian mining companies. I would live off the dividends and/or sell ETFs as needed to live.

d) Purchasing US denominated bonds issued by the US Government. I would live off the interest payments and/or sell bonds as needed to live.

Assuming you are a believer in the efficient market hypothesis, please provide me some information and pros and cons on each of the above options.