Craig and Dayna want to use the floor-and upside strategy to cover their retirement years. Which of the following asset groups would be used to establish their floor?

A) Social Security, military pension, a single premium immediate annuity
B) a core satellite portfolio that is 75% in a S&P 500 index fund and 25% in a utility ETF
C) Social Security, deferred annuities, and an S&P 500 ETF
D) a 50/50 equity/fixed income allocation